Executive Order
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Ensuring National Security and Economic Resilience Through Section 232 Actions on Processed Critical Minerals and Derivative Products
AI Summary:
This is a policy document: an Executive Order issued by the President regarding national security and critical minerals.
This regulation directs the Secretary of Commerce to conduct a comprehensive Section 232 investigation into the national security implications of imports of processed critical minerals and derivative products. The investigation will assess risks associated with foreign supply chains, including import dependencies, potential supply disruptions, and market manipulation strategies by foreign countries. The investigation must specifically identify U.S. imports of processed critical minerals, analyze foreign sources and associated risks, evaluate global supply chain vulnerabilities, and review the United States' current and potential capabilities for processing critical minerals. The Secretary of Commerce is required to submit a draft interim report within 90 days and a final report with recommendations within 180 days. Potential recommendations may include imposing tariffs, implementing import restrictions, creating policies to incentivize domestic production and processing, and developing safeguards to mitigate national security risks. Critical minerals are defined as those on the USGS Critical Minerals List, including uranium, and processed critical minerals are those that have been converted from ore into oxides, metals, or master alloys. Derivative products include a wide range of goods incorporating these processed minerals, from semiconductor wafers to electric vehicles and advanced defense technologies.