By Alex Lawson (September 24, 2021, 3:32 p.m. EDT) – The Biden administration on Friday announced an investigation into whether imported rare earth magnets pose a threat to U.S. national security, raising potential tariffs on Imports with a Cold War -The trade law of the era was revived under the Trump administration.
A notice to be published in the Federal Register on Monday revealed the investigation, seeking public comment on the US Department of Commerce’s investigation into neodymium-iron-boron, or NdFeB, magnets, which are used in wind turbines, electric vehicles and missile defense systems.
The Commerce Department asked to what extent the United States’ reliance on imported magnets threatens security interests, which could lead to new trade …
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