President
The so-called Project Vault is meant to “ensure that American businesses and workers are never harmed by any shortages,” Trump said Monday at the White House.
“We don’t want to ever go through what we went through a year ago,” he said, alluding to trade spats between Washington and Beijing that saw restrictions on access to China’s dominant supply of rare-earth supplies.
WATCH: President Donald Trump unveils “Project Vault” to stockpile $12 billion in critical minerals in order to minimize reliance on Chinese rare earths. Source: Bloomberg
The initiative is set to combine ...