💨 Abstract

President Trump has ordered a probe into potential new tariffs on critical mineral imports, aiming to reduce U.S. reliance on China for these resources that power the economy. The order under Section 232 of the Trade Expansion Act will study market dynamics for minerals like cobalt, nickel, rare earths, and uranium. The U.S. currently lacks sufficient processing capabilities for many of these minerals, leading to national security concerns.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖