President Joe Biden and European Commission President Ursula von der Leyen are expected to outline a plan Friday that the White House hopes will turn the page on a spat between the two over electric vehicle tax credits.
The Treasury Department said in a statement that an agreement"with like minded partners" could help provide a measure of"security and stability by ensuring the United States and allies and partners are not reliant on China for critical minerals." White House officials hope an agreement with the EU can be reached soon, but also plan to consult members of Congress, labor groups and others with a stake in the outcome.
Mr. Biden stood by the policy that favors American EVs when French President Emmanuel Macron, a critic of the legislation, visited Washington late last year. But he also acknowledged"glitches" in the legislation and said there were"tweaks we can make" to satisfy allies. His order directed the Defense Department to consider at least five metals — lithium, cobalt, graphite, nickel and manganese — as essential to national security and authorizes steps to bolster domestic supplies.
The White House says Beijing has yet to deliver weapons to Russia but is more seriously weighing the prospect as Russia has burned through ammunition in a conflict that has gone on much longer than Russian President Vladimir Putin anticipated.
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