US, Japan Unveils Action Plan to Secure Critical Minerals Supply Chain

The two nations seek to discuss the feasibility of ‘border-adjusted price floors,’ starting with a select group of critical minerals.Prime Minister of Japan Sanae Takaichi shakes hands with President Donald Trump during a bilateral meeting in the Oval Office of the White House on March 19, 2026. Alex Wong/Getty Images3/20/2026|Updated: 3/20/2026The United States and Japan have unveiled an action plan to secure critical minerals and rare-earth supply chains, which focuses on a trade system that will set minimum prices for such imports.The U.S. Trade Representative’s (USTR) Office issued the action plan following a meeting between President Donald Trump and Japanese Prime Minister Sanae Takaichi at the White House on March 19.