Fact Sheet: President Donald J. Trump Directs Negotiations to Adjust Imports of Processed Critical Minerals and Their Derivative Products into the United States

SUPPORTING AMERICAN INDUSTRY: Today, President Donald J. Trump signed a Proclamation pursuant to Section 232 of the Trade Expansion Act of 1962 (Act) ordering the U.S. Secretary of Commerce and U.S. Trade Representative to jointly negotiate agreements with trading partners to address the threatened impairment of national security with respect to imports of processed critical minerals and their derivative products (PCMDPs) from any country.In negotiating, the Administration will, working with our allies, promote the adoption of price floors for trade in PCMDPs.The Secretary of Commerce will inform the President of any circumstances that might indicate the need for further action...