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US proposes critical minerals trade bloc aimed at countering China

The U.S. plans a trade bloc with 55 countries to stabilize prices and diversify critical mineral supply chains, aiming to reduce reliance on China, officials said.

  • The US has proposed a preferential trade bloc with allies for critical minerals aimed at countering China's dominance in the sector.
  • Vice President JD Vance unveiled plans to establish coordinated price floors for critical minerals through adjustable tariffs to support pricing integrity within the trade bloc.
  • The move aims to encourage private investment in mining and processing projects by guaranteeing minimum prices, reducing reliance on cheaper Chinese supply.
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On Wednesday, US Vice President J. D. Vance proposed to more than 40 countries the creation of a trade bloc that stabilizes prices and supply chains against China's dominance over them.

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South China Morning Post broke the news in Hong Kong on Wednesday, February 4, 2026.
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