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U.S., EU and Japan Poised to Reveal Plans for Joint Critical Minerals Framework

USTR-led talks target price floors or tariffs to bolster non-Chinese supply security.

Overview

  • Officials say an announcement is expected in the coming weeks, with formal negotiations slated to begin in April after a March 19 industry consultation closes.
  • The emerging framework under discussion would set minimum price levels and coordinate tariffs to counter market distortions attributed to Chinese exporters.
  • Policymakers are also weighing regulatory cooperation, investment screening, research collaboration and strategic stockpiling of key materials.
  • DARPA is reportedly providing technical input on pricing models to inform the design of a potential price‑floor mechanism.
  • People familiar with planning say the rollout could coincide with Japanese Prime Minister Sanae Takaichi’s visit to Washington, while Mexico has a parallel preliminary action plan with the U.S.