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Trump Administration Floats Using Tariffs to Implement Price Floor on Rare Earth Minerals
Vice President JD Vance announced a new push on Wednesday to create price stability in the market for critical rare earth minerals and said he wants to use a familiar Trump-world tool to accomplish it: tariffs. During a speech at the State Department on Wednesday, Vance unveiled an effort to create a protected trade zone with as many nations as possible that are "protected from external disruptions through enforceable price floors." This, the vice president said, would create the conditions for more investment by private mining companies to extract these varied minerals, which are often called the building blocks of ... (full story)