In Dec. 2017, Trump signed an executive order directing the interior secretary to identify essential minerals to reduce the country’s vulnerability to a possible interruption in supply.
Of the 35 minerals identified as essential, 31 are imported, and 14 have no domestic production.
Trump said the Chinese Communist Party’s (CCP’s) dependence on these minerals’ supplies is particularly worrying.
In his executive order, the president said: “The United States now imports 80 percent of its rare earth elements directly from China, with portions of the remainder indirectly sourced from China through other countries.
In the 1980s, the United States produced more of these elements than any other country in the world, but China used aggressive economic practices to strategically flood the global market for rare earth elements and displace its competitors.”
In the executive order, Trump refers to ‘adversary’ and ‘allied’ countries and defines the need to cut dependency on adversary countries, in this case mentioning China, but helping allied nations to increase their production with which it intends to maintain trade.
Trump points out that the CCP exploited its dominant position in the market of rare mineral elements and coerced other countries’ industries to move their facilities, intellectual property, and technology to China, generating total dependence on the Asian giant.
The order also attempts to boost U.S. domestic mining production by reviewing the possibility of granting loans and reforming the mining permit system.
The Coalition for Prosperous America (CPA), a nonprofit organization representing the interests of 4.1 million households through our agricultural, manufacturing, and labor members, reacted to the announcement.
Dan DiMicco, CPA’s president, said: “We congratulate the president and his team for this long-overdue step to save U.S. mining. Over the past two decades, the United States has become alarmingly reliant on countries like China to supply the metals and minerals needed for both national defense and advanced technologies.”
President Trump’s policies to prioritize the national industry in the wake of the Beijing pandemic disaster are most visible to Americans, who are experiencing firsthand the benefits of exiting the failed globalization scheme.
“As the pandemic demonstrated, any nation that is overly reliant on imports of crucial commodities faces a serious chokehold in times of crisis,” DiMicco said. “Securing the domestic production of these important resources will put our nation on a stronger economic footing and grow high-tech industries currently dominated by China.”
Along with the United States, Latin America and Africa have been plundered by bad local policies that have allowed the CCP to take away many of these continents’ natural resources.
Meanwhile, the CCP flooded markets with their cheapest products, destroying domestic industries, creating dependency, and in some cases, even bankrupting National financial systems.