USD/CNY faces pressure as Trump plans mineral production emergency powers

USD/CNY trading remains volatile as markets digest Trump's plans to invoke emergency powers for fast-tracking domestic critical minerals production, potentially escalating US-China trade tensions. The move would bypass congressional approval requirements for projects exceeding $50 million and eliminate strict delivery timelines, mirroring Biden's COVID-19 emergency waivers. Despite these measures, experts caution that the US will remain dependent on China for critical minerals in the near term, with domestic production expansion requiring 5-10 years to materialize. The announcement adds to existing trade uncertainties, with traders monitoring potential retaliatory measures from Beijing. Technical levels show USD/CNY testing resistance near 7.2500, while support holds at 7.2200. The development could strengthen the dollar against commodity currencies but may face headwinds if China responds with currency depreciation or trade restrictions, creating additional volatility in Asian forex markets.