President Trump has taken action to secure critical minerals for national security and technological advancement. His executive order directs a study focusing on the US’s dependence on imported processed critical minerals and their products. This move could lead to new tariff regulations, impacting global supply chains and domestic production efficiency.
Industry leaders are divided on this new policy. Some see it as essential for economic autonomy, while others fear international trade disruptions. Historical data suggests tariffs can increase prices, exacerbate supply chain issues, and highlight the importance of responsible mineral resource management for sustainable economic growth.