Trump Holds Off on Critical Minerals Tariffs After Probe (1)

President Donald Trump is holding off on new tariffs targeting imports of critical minerals, following a months-long review to determine whether foreign shipments threatened US national security.

Trump, in a presidential proclamation released Wednesday following a US Commerce Department investigation, said he would instead seek to negotiate agreements with foreign nations to “ensure the United States has adequate critical mineral supplies and to mitigate the supply chain vulnerabilities as quickly as possible.”

The president is floating price floors on imports — not just traditional percentage-based tariffs — to develop the supply chains for those materials that run through US-aligned nations. ...