Wednesday, February 4, 2026 at 5:31 PM
The Trump administration is seeking to establish a critical minerals trading bloc with allies to counter China's dominance in the sector, emphasizing the need for collective action to ensure self-reliance in critical minerals.
The president’s move comes after Beijing used its dominance over the minerals supply chain to squeeze U.S. industries.
The plan for the newly created U.S. Strategic Critical Minerals Reserve borrows from Beijing’s longstanding playbook.
Nations are increasingly seeking to bypass the bigger players on trade, supply chains and security.
The comments came as the British government has moved forward with a deal to cede sovereignty of Diego Garcia to Mauritius.
