US EditionAnand in D.C. as Trump Administration Makes the Case for Critical Mineral Trade Zone
The US aims to stabilize critical mineral markets with enforceable price floors and adjustable tariffs, involving over 50 allied countries in a new preferential trade zone.
- At the inaugural Critical Minerals Ministerial in Washington, D.C., JD Vance proposed a preferential trade zone to protect critical minerals from disruptions, calling for reference prices, Rubio said, `We are gathered here today as the first step to rectify the mistake, bring together our collective talent and innovation`.
- Faced with supply vulnerabilities, Vance said many countries rely on supply arrangements they did not choose, and the administration argued policy levers must diversify supply chains.
- Delegations from over 50 countries attended, and organizers said benefits would be immediate and durable, with Rubio, chairing the ministerial, emphasizing broad participation.
- To protect industry, officials proposed a preferential trade zone for critical minerals and established reference prices to reflect fair market value, aiming to stabilize supply chains.
- The proposal would set reference prices and price floors by using adjustable tariffs across allies to stabilize supply, with Rubio stressing mining outsourcing erodes economic security.
18 Articles
18 Articles
US unveils plans for critical minerals trading bloc
The US unveiled plans to form a trading bloc alongside key allies for critical minerals, proposing coordinated price floors as Washington moves to secure its place in a supply chain long dominated by Beijing.The plan announced Wednesday proposed using tariffs to stabilize mineral prices to prevent “foreign supply” from flooding global markets. Washington also clinched bilateral deals with 11 nations, as US Secretary of State Marco Rubio warned a…
White House Pitches Allies on an Anti-China Mineral Trading Bloc
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(Washington/Seoul=Yonhap News) Correspondents Park Sung-min and Lee Yu-mi, Reporter Kim Ji-heon = On the 4th (local time), the United States announced that it would diversify the supply chain of essential minerals for the defense and advanced industries...
America seeks to set up vital minerals trade bloc, in bid to counter Chinese dominance
US vice president JD Vance yesterday unveiled plans to marshal countries into a preferential trade bloc for critical minerals, proposing coordinated price floors as Washington escalates efforts to loosen China’s grip on materials crucial to advanced manufacturing.
US floats price floor plan for critical minerals
• Proposes a preferential trading arrangement to cut reliance on China• Pakistan weighs options to maintain ties with both Washington and Beijing WASHINGTON: The United States on Wednesday outlined plans to establish price floors for critical minerals and form a preferential trading arrangement among participating countries, a proposal that Pakistan has so far chosen to approach cautiously as it seeks to maintain close ties with both Washington …
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