I joined with a bipartisan group of senators to introduce the Securing Trade and Resources for Advanced Technology, Economic Growth, and International Commerce (STRATEGIC) Minerals Act. The bill aims to strengthen America’s supply chain of critical minerals and rare earth elements.
Our nation relies on critical minerals for everything from consumer goods to defense technologies, and a dependence on foreign adversaries for these materials is a national security vulnerability we cannot afford. Negotiating more trade agreements on critical minerals with trusted partners will help shore up our supply of these resources, protect American interests, and strengthen our national security.
Critical minerals are essential resources but are highly vulnerable to supply chain disruption, and China’s aggressive manipulation of these elements presents significant national and economic security threats. This legislation would empower the president to negotiate and enforce sector-specific free trade agreements exclusively focused on critical minerals and rare earth elements with trusted partners and allies, thereby bolstering cooperation, reducing trade barriers, and enhancing national security.
Read more here and here. |