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Business/Financial

Trump Declares National Emergency Due To U.S. Dependency On China For Critical Minerals

By Cal Biesecker

Thursday, October 1st, 2020

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Trump Declares National Emergency Due To U.S. Dependency On China For Critical Minerals

President Donald Trump. (White House photo)

President Trump on Wednesday evening issued a national emergency aimed at making the U.S. less dependent from foreign sources, in particular China, for critical minerals that are key ingredients in a wide range of industries, including defense, and creates vulnerabilities in the nation’s supply chains. An executive order that includes the national emergency tasks the Department of Interior, working with the Treasure, Defense and Commerce Departments, to report to the White House within 60 days on an investigation into the…

Congress

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