00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump administration may expand government stakes in private companies after China tightened its
00:06rare earth export controls. Treasury Secretary Scott Besson told CNBC on Wednesday, told CNBC
00:12the U.S. may buy stakes in additional strategic industries to strengthen self-sufficiency amid
00:17China's rare earth export limits. Besson said the Trump administration already holds stakes in MP
00:22materials, trilogy metals and lithium Americas, with more investments likely ahead. Besson also
00:27said the administration plans to impose price floors across sectors to counter China's
00:32market manipulation and ensure domestic stability. Jamie Morgan CEO Jamie Dimon announced a $1.5
00:38trillion initiative to invest in key industries, including critical minerals to bolster economic
00:43resilience. Shares of critical metals in USA Rare Earth fell on Wednesday after several
00:48days of gains. For all things money, visit Benzinga.com.
Comments