Trump Rules Out Immediate Critical Minerals Tariffs, Eyes Overseas Supply Options

Former US President Donald Trump said there would be no immediate tariffs on critical minerals, indicating a preference to secure overseas supply chains rather than impose trade restrictions in the near term.

Trump said the focus would be on sourcing critical minerals from international partners to ensure stable supplies for key industries, including defence, clean energy, and advanced manufacturing. The approach is aimed at reducing supply risks while avoiding price disruptions that could arise from sudden tariff measures.

The statement comes amid growing global competition for critical minerals, as countries seek to strengthen supply security for technologies such as electric vehicles, batteries, and renewable energy systems.