Trump Uses Emergency Powers to Boost Mineral Production Amid Trade War.

US President Donald Trump has invoked emergency powers to expand domestic production of critical minerals in an effort to reduce the United States' dependence on foreign imports, particularly from China. The executive order, which leverages Cold War-era legislation, directs government agencies, including the Department of Defense, to prioritize mining projects and provide both technical and financial support to enhance domestic mineral production.

This move comes as trade tensions with China continue to escalate, with Beijing holding significant control over the supply chain of critical minerals. Last year, China banned the sale of certain vital minerals to the US, forcing American firms to seek alternative sources.

The executive order states, "Our national and economic security are now acutely threatened by our reliance upon hostile foreign powers' mineral production. It is imperative for our national security that the United States take immediate action to facilitate domestic mineral production to the maximum possible extent."

LATEST: Is the Magnificent Seven No More?

Additionally, the order calls for expediting permits for mining and processing projects and instructs the US Department of the Interior to prioritize mineral production on federal lands.

small,pile,of,minerals,extracted,in,a,rare,earth,mine

Despite having some critical mineral deposits, the US remains heavily reliant on foreign sources for these materials. Trump's tariffs on various imports have worsened trade relations with key suppliers, including China and Canada. These critical minerals are essential to a wide range of industries, from battery production to advanced weaponry systems.

Trump has also expressed interest in securing access to Ukraine’s critical minerals, announcing that a deal would be signed “very shortly.” "We’re also signing agreements in various locations to unlock rare earths and minerals and lots of other things all over the world, but in particular Ukraine," he said on Thursday.

Apart from Ukraine, the US is in negotiations with the Democratic Republic of Congo over its mineral resources. Furthermore, President Trump has publicly discussed taking over the semi-autonomous Danish territory of Greenland, which is rich in rare earth minerals.

Conclusion: The Dangers of Overreach and Power Abuse

While the invocation of emergency powers to enhance mineral production may seem like a strategic move in the context of national security, it raises serious concerns about the abuse of executive authority. By using Cold War-era legislation to bypass legislative processes, Trump is expanding presidential powers beyond their intended scope, sidelining democratic checks and balances.

This decision not only jeopardizes environmental and land rights but also undermines the very democratic structures that are meant to safeguard against such executive overreach. The pursuit of control over global mineral resources, including foreign territories, further exemplifies the dangers of unchecked power and the potential for unnecessary international conflicts.

Follow Finance Monthly
Just for you

Share this article

Patner Ad