White House·Statement·4 months ago
Trump, Japan Announce Joint Framework to Secure Critical Minerals and Rare Earths Supply
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US and Japan strike rare earths deal
US President Donald Trump and Japanese PM Sanae Takaichi signed a framework to secure rare earths and critical minerals, aiming to reduce reliance on China. The deal covers extraction, recycling, and investment, including potential price floors to support responsible extraction.
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US, trading partners forge pacts to lock in critical minerals
Following the October framework, the U.S. and Japan are exploring trade policies that establish border-adjusted price floors and offtake agreements. The alliances aim to build a supply chain independent of non-allied countries for industries like defense and clean energy.
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