💨 Abstract

President Donald Trump has invoked emergency powers to boost domestic production of critical minerals, aiming to counter China's dominance in the sector. The move, facilitated by the Defense Production Act, includes financing, loans, and investment support for U.S. mineral processing. The initiative comes amid an escalating trade conflict with countries like China, Canada, and aims to support domestic manufacturers.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖