WASHINGTON- US President Donald Trump ordered his Cabinet secretaries to look into the country’s reliance on rare earths in his latest bid to end China’s dominance of the industry.
The move could lead to tariffs, quotas or other possible import restrictions, according to an executive order released on Wednesday.
Trump, a trade protectionist seeking re-election in the Nov. 3 election, has wielded similar threats in previous executive orders related to the minerals.
Rare earths are an obscure group of 17 minerals used to build a range of goods including weapons and consumer electronics. There is no known substitute for them.