U.S. President Donald Trump on Wednesday ordered his Cabinet secretaries to seem into the country’s reliance on rare earths in his latest bid to finish China’s dominance of the industry.The move could lead on to tariffs, quotas or other possible import restrictions, consistent with an executive order released on Wednesday.
Trump, a trade protectionist seeking re-election within the Nov. 3 election, has wielded similar threats in previous executive orders associated with the minerals.Rare earths are an obscure group of 17 minerals wont to build a variety of products including weapons and consumer electronics. there's no known substitute for them.
While the us wont to be the leading producer of the minerals, China has used its heft within the industry to its advantage within the trade dispute between the 2 world leaders.Last year, Trump told the U.S. Department of Defense to seek out better ways to acquire samarium cobalt rare-earth element permanent magnets, which are often found in precision-guided missiles, smart bombs and military jets.Two Republican senators have introduced separate mineral-related legislation within the past year approximately that haven't passed thus far .
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