Donald Trump’s top trade official has told US allies they must pay more for critical minerals sourced from outside China as Washington tries to break Beijing’s stranglehold on supplies.
Jamieson Greer, the US trade representative, said American allies must be ready to pay a “national security premium” for the minerals, which would be sourced from within a proposed group of trading partners including Europe.
The US wants the club of countries to trade minerals at set minimum prices to protect their investments in mining and processing, and could hit outside producers — such as China — with steep tariffs or other barriers to prevent them driving down prices.
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