The Biden administration is considering an investigation into whether imports of rare earth magnets made largely in China pose a national security threat that could warrant the imposition of tariffs.
The White House said the commerce department would examine whether to probe neodymium magnets, which are used to manufacture everything from smartphones to electric vehicle motors.
President Joe Biden is considering the move as part of measures the White House unveiled on Tuesday to boost the resilience of US supply chains in areas including rare earths, food and pharmaceuticals amid concerns about over-reliance on China.
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