Recent actions taken by the Trump administration to strengthen critical mineral supply chains include substantial tariffs and tariff threats on goods from traditionally allied countries such as Australia, Canada, and Mexico, as well as a new executive order on strengthening domestic mineral production. This included a 25% tariff rate on EV batteries, a 50% tariff rate on semiconductors, a 100% tariff rate on electric vehicles, and a 50% tariff rate on solar cells, along with a 25% tariff on graphite and permanent magnets to be implemented in 2026.