US Commerce Dept. is in the news for easing chip export restrictions to China and launching a $12B minerals reserve to challenge China’s tech dominance.
The US government has launched Project Vault, a $12 billion strategic reserve of critical minerals funded by a $10 billion loan from the US Export-Import Bank and $1.67 billion in private capital. The initiative aims to reduce reliance on China’s dominance in rare earth minerals, securing vital materials for manufacturing vehicles, electronics, and defense technologies. Over 55 countries are collaborating to diversify supply chains.
Recent US employment data indicates a slowdown in job growth, with February's payrolls declining by 92,000 and the unemployment rate rising to 4.4%. The job market remains fragile amid global uncertainties, including geopolitical tensions and inflation concerns, with revisions to previous months' data highlighting ongoing volatility.
US GDP growth slowed sharply in Q4 2025, dropping to 1.9%, with consumer spending and government investment declining. The trade balance turned positive, but the job market weakened, raising concerns about economic resilience amid geopolitical tensions and policy impacts.