PHILADELPHIA SEMICONDUCTOR INDEX RISES FOR RECORD 16TH DAY

EU ENVOYS START PROCESS TO FINALISE 90 BLN EURO LOAN FOR UKRAINE AND 20TH PACKAGE OF SANCTIONS AGAINST RUSSIA, AS HUNGARY WITHDRAWS ITS OPPOSITION -DIPLOMATS SAY

Donald Trump’s top trade official has urged allies to pay higher prices for critical minerals sourced outside China as the US seeks to reduce dependence on Beijing. Jamieson Greer said partners must accept a “national security premium,” with supply potentially coming from a proposed bloc including Europe. The US plans minimum price rules to protect mining investments and may impose tariffs on non-member producers such as China. However, allies have expressed concern over higher costs for industries including defence, autos, and clean energy, and potential retaliation from China. Greer argued cost efficiency has contributed to Western reliance on China and said secure supply chains require a shared security premium.