Alerts9.30.21
Section 232 Investigation Launched on U.S. Imports of Rare Earth Magnets, Biden’s First Under Supply Chain Reviews
The U.S. Secretary of Commerce recently initiated a Section 232 investigation on imports of rare earth permanent magnets
U.S. Secretary of Commerce Gina M. Raimondo recently initiated a Section 232 investigation on imports of neodymium-iron-boron (NdFeB) permanent magnets (more commonly referred to as rare earth magnets, neodymium magnets or neo magnets). Section 232 of the Trade Expansion Act of 1962 is a U.S. trade law that authorizes the president to impose import restrictions based on national security concerns.
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