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WASHINGTON, June 12 (Reuters) – U.S. President Donald Trump’s tax and spending bill would make it harder for American critical minerals companies to compete with China because it eliminates a tax credit for boosting domestic production of nickel, rare earths and other materials used in advanced electronics and weaponry.

With Trump and Republican lawmakers aiming to cut government support for green energy projects, the U.S. House of Representatives passed a version of his “One Big Beautiful Bill Act” last month that eliminates the so-called 45X credit.

Read more at: https://www.reuters.com/world/us/trumps-tax-cut-bill-could-hold-back-us-critical-minerals-projects-2025-06-12/