https://sputnikglobe.com/20250416/us-launches-tariff-probe-on-rare-earth-metals-imports-1121877194.html
US Launches Tariff Probe on Rare Earth Metals Imports
US Launches Tariff Probe on Rare Earth Metals Imports
Sputnik International
Donald Trump signed an executive order to initiate a Section 232 investigation to assess the national security risks posed by the United States' dependence on foreign rare earth metals.
2025-04-16T02:10+0000
2025-04-16T02:10+0000
2025-04-16T04:10+0000
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"In light of the above risks and realities, an investigation under section 232 of the Act (section 232) is necessary to determine whether imports of processed critical minerals and their derivative products threaten to impair national security," the document, published by the White House, read on Tuesday.The document noted that an "analysis of the distortive effects of the predatory economic, pricing, and market manipulation strategies and practices" allegedly used by foreign countries that export the minerals to the United States will be conducted.In order to reduce national security risks and increase production of these minerals in the country, the US may resort to tariffs, the document added.In 2018, President Trump imposed 25% tariffs on steel and aluminum imports under the same section of the Trade Expansion Act.The US relies heavily on imports of metals such as cobalt, gallium, germanium, and others, while countries like China and Russia have the largest reserves of these metals.
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us rare earth metals tariffs, how much rare earth metals reserves does us have, us rare earth metals reserves, section 232 probe, trump tariffs on rare earth metals
us rare earth metals tariffs, how much rare earth metals reserves does us have, us rare earth metals reserves, section 232 probe, trump tariffs on rare earth metals
US Launches Tariff Probe on Rare Earth Metals Imports
02:10 GMT 16.04.2025 (Updated: 04:10 GMT 16.04.2025) Donald Trump signed an executive order to initiate a Section 232 investigation to assess the national security risks posed by the United States' dependence on foreign rare earth metals.
"In light of the above risks and realities, an investigation under section 232 of the Act (section 232) is necessary to determine whether imports of processed critical minerals and their derivative products threaten to impair national security," the document, published by the White House, read on Tuesday.
The document noted that an "analysis of the distortive effects of the predatory economic, pricing, and market manipulation strategies and practices" allegedly used by foreign countries that export the minerals to the United States will be conducted.
In order to reduce national security risks and increase production of these minerals in the country, the US may resort to tariffs, the document added.
In 2018, President Trump imposed 25% tariffs on steel and aluminum imports under the same section of the Trade Expansion Act.
The US relies heavily on imports of metals such as cobalt, gallium, germanium, and others, while countries like China and Russia have the largest reserves of these metals.
