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United States/Economy/The United States plans a new trading group and price system for critical minerals
The United States plans a new trading group and price system for critical minerals
Feb 26, 2026- Feb 18, 202637 sources
person:trumpperson:choperson:vancetopic:critical mineralstopic:mineralstopic:price floortopic:trade blocplace:washington
Story Timeline
Feb 15, 2026Trump's trade threats and China's economic rise prompt global economic shifts138 sources
Feb 26, 2026The United States plans a new trading group and price system for critical minerals37 sources
Summary
The Trump administration is proposing a new international trading bloc focused on critical minerals. The plan includes establishing a price floor system and creating a strategic reserve for these materials, which are essential for electronics and defense.
South Korea is set to initially lead the initiative, and U.S. officials are meeting with allies in Washington to discuss the proposal. Senators are also pushing for a $70 billion funding deal to support this agenda.