00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. President Donald Trump signed a sweeping executive order Thursday to fast-track
00:06deep-sea mining, according to CNBC. The action aims to counter China's influence over seabed
00:11minerals, strengthen alliances, and position U.S. firms to support responsible mineral development.
00:17The order calls for expedited permits under the Deep Seabed Hard Minerals Act of 1980,
00:22seeks to establish mining operations in U.S. and international waters. Trump said the U.S.
00:26has a core national security and economic interest in seabed mineral leadership.
00:31The action bypasses ongoing United Nations efforts to regulate the practice,
00:35drawing sharp criticism from environmental groups and the international seabed authority.
00:39For all things money, visit Benzinga.com slash GSTV.
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