The United States and Japan have unveiled an action plan to secure critical minerals and rare-earth supply chains, which focuses on a trade system that will set minimum prices for such imports.
The U.S. Trade Representative’s (USTR) Office issued the action plan following a meeting between President Donald Trump and Japanese Prime Minister Sanae Takaichi at the White House on March 19.
The plan calls for discussions between the two sides on the potential development of coordinated trade policies such as “border-adjusted price floors,” which would establish a minimum pricing threshold for “a select group of critical minerals.”
The two countries will consult on how border-adjusted price floors could be incorporated into a critical minerals trade agreement involving other countries, along with any other provisions necessary to ensure supply chain resilience for participating countries, according to the plan….
US, Japan Unveils Action Plan to Secure Critical Minerals Supply Chain
