It’s largely about the rare earths. I’ve been trying my best all day to work thru the details for you that aren’t really public yet.
But it appears we are trying to position ourselves to not be held hostage by China’s CURRENT dominance on REE.
But that’s changing. China has a lot to lose here to, as other countries begin to enter the market. This is the best source I’ve found on that and how over the last 20 years China has repeatedly used their dominance of REE to wield as a hammer:
https://chinapower.csis.org/china-rare-earths/#:~:text=Terbium%2C which is significantly more,sonar systems and television screens.
This is a big deal:
I’m reading this as China knows the U.S. can begin to get the REE elsewhere - over the next 1, 5, 10 years this will happen.
China has leverage now but in the long run they are going to lose it.
Plus, we’re keeping the tariffs on Chinese goods.
This is good for American companies and jobs.
More: