Essential Elements
This category of minerals, including rare earth elements, is deemed essential for national security and economic resilience.
What are critical minerals?
This country recently banned exports of gallium, germanium, antimony, and other key high-tech materials to the United States.
What is China?
This was the name of the trade policy initiated by President Trump on Day One.
What is the America First Trade Policy?
These tariffs are currently paused due to ongoing discussions with more than 75 countries.
What are the individualized higher tariffs?
The text highlights the importance of processed critical minerals as key building blocks for this sector.
What is the defense industrial base?
This term describes the potential use of supply chain dominance for pressuring the United States.
What is economic coercion?
Name a specific application of processed critical minerals mentioned in the text that is vital for defense.
What are jet engines, missile guidance systems, advanced computing, radar systems, advanced optics, or secure communications equipment?
$400: China suspended exports of these specific types of rare earth metals this week.
What are heavy rare earth metals?
This was the initial tariff percentage President Trump imposed on all countries.
What is 10%?
This country faces the highest tariff rate on imports to the United States due to its retaliatory actions.
What is China?
The U.S. economy and defense sector are vulnerable to these due to reliance on foreign sources.
What are supply chain disruptions?
The text mentions this type of computing as an application reliant on processed critical minerals.
What is advanced computing?
The U.S. has a heavy dependence on these sources for critical minerals, particularly adversarial nations.
What are foreign sources?
This action, taken by China regarding rare earth magnets, aims to disrupt supplies for automakers, aerospace manufacturers, semiconductor companies, and military contractors.
What is suspending exports?
President Trump aimed to do this to the playing field with his trade policies.
What is level the playing field?
The reciprocal tariff percentage that China faces as part of the total tariff.
What is 125%?
Foreign producers have used their supply chain dominance as a tool for this type of leverage over the United States.
What is geopolitical and economic leverage?
This action by China, mentioned in the text, specifically targets components central to automakers and aerospace manufacturers.
What is suspending exports of six heavy rare earth metals and rare earth magnets?
This is a specific example of a critical mineral mentioned in the text.
What are rare earth elements?
The text states that foreign producers, like China, have used this dominance as leverage over the U.S.
What is supply chain dominance?
This event led to President Trump imposing individualized reciprocal higher tariffs on nations with the largest trade deficits.
What is Liberation Day?
Besides the reciprocal tariff, name one other reason for the tariffs imposed on China mentioned in the text.
What is to address the fentanyl crisis or Section 301 tariffs on specific goods?
President Trump signed a memorandum to safeguard this, including the consideration of tariffs to combat digital service taxes.
What is American innovation?
The Trump Administration took worked early to ensure U.S. trade policy serves the nation's long-term interests by building on these.
What are previous actions?
According to the text, reliance on foreign critical minerals could jeopardize these three areas.
What are U.S. defense capabilities, infrastructure development, and technological innovation?
Name two specific tactics, besides export bans, that foreign producers have reportedly used regarding critical mineral supply.
What are price manipulation and overcapacity?
This plan, unveiled by President Trump, aimed to restore fairness in U.S. trade relationships and counter non-reciprocal trade agreements.
What is the "Fair and Reciprocal Plan"?
President Trump signed proclamations to restore a true 25% tariff on this metal and elevate the tariff to 25% on another.
What are steel and aluminum?
President Trump launched investigations into imports of these two materials, besides critical minerals, due to threats to national security and economic stability.
What are copper and timber/lumber?
The text implies that these entities within the U.S. economy would be significantly impacted by China's export restrictions on critical minerals.
Who are automakers, aerospace manufacturers, semiconductor companies, and military contractors?