Trump-Linked Firms Tied to $9B US Critical Minerals Push
A New York Times report says the U.S. government is pursuing $9 billion in critical minerals deals with 14 companies financially linked to Donald Trump and Howard Lutnick, aiming to boost domestic supply for batteries, semiconductors, and defense, but likely facing conflict-of-interest scrutiny.
According to a New York Times report, the U.S. government is advancing roughly $9 billion in critical minerals agreements with 14 companies that have financial ties to the families of former President Donald Trump and Commerce Secretary Howard Lutnick.
The deals are intended to strengthen domestic supplies of strategic minerals used in batteries, semiconductors, and defense applications. However, the connections are expected to draw scrutiny over potential conflicts of interest.
No specific companies or minerals were named in the report. The push underscores ongoing efforts to reduce reliance on foreign sources for critical materials.
Source: First Squawk