Washington, United States:
US President Donald Trump on Tuesday ordered an inquiry, resulting in a tariff on related products such as minerals, rare-earth metals and smartphones important to increase their dispute with global trade partners.
Trump has provoked markets with his sweeping on-off levy in recent weeks, and this investigation can apply them further tariffs if it indicates that imports significant minerals and their derivatives endanger American national security.
China dominates global supply chains for rare metals.
Without naming any other countries, the order states that the United States is dependent on foreign sources that “there is a threat to the tremor of severe, continuous and long -term supply chain.”
It states that this dependence “increases the ability of risks for national security, defense readiness, value stability and economic prosperity and flexibility.”
Targeted imports include so-called important minerals such as cobalt, lithium and nickel, rare-earth elements, as well as products that partly require these resources such as electric vehicles and batteries.
The order states that important minerals and their derivatives are essential for American military and energy infrastructure, taking into account their use in jet engines, missile guidance systems and advanced computing, others.
The Department of Commerce will have a time of up to 180 days to give his report to Trump, the order says that any recommendations for action should be considered as tariffs.
This follows an uniform “national security” investigation that Trump on Monday ordered the drug imports, and on another semiconductor and chip forming devices.
This process is based on a law of 1962, which was rarely used before Trump, during its first 2017-2021 tenure, called it to justify the implementation of taxes on steel and aluminum imports.
The US President again resorted to this law, known as Section 232, in March tariff between 25 percent on steel and aluminum, and to resume on automobiles.
Trump has slapped a new tariff on friend and enemy, a wide but often chaotic attempt since returning to the presidency this year. In an chaotic attempt, a chaotic attempt has been made to re -organize the world economy using levy to force the world economy to move to the United States.
(This story is not edited by NDTV employees and auto-generated from a syndicated feed.)