Donald Trump’s administration has launched an effort to form a trade zone for critical minerals with allies including Japan and the EU, as it battles to break China’s control of the sector.
Vice-president JD Vance on Wednesday said the US would seek to use tariffs to create a price floor for critical minerals and to expand production and investment across the new zone.
“We want to eliminate that problem of people flooding into our markets with cheap critical minerals to undercut our domestic manufacturers,” said Vance, speaking at a state department gathering of ministers from 55 countries.
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