Daily News Summary – 2026-09-10 – en

The Supreme Court struck down IEEPA tariffs, prompting President Trump to impose Section 122 tariffs. Companies are absorbing 80-85% of costs and diversifying supply chains, with nearshoring accelerating to Mexico, Vietnam, and Eastern Europe.

China controls roughly 90% of rare earth processing, prompting U.S. initiatives like Project Vault and FORGE. Gulf states are deploying over $100 billion into mineral assets, while producer nations assert control, narrowing the diversification window.

Twenty-four countries representing 73% of global GDP are launching or scaling retail CBDCs, with major rollouts from Japan, the UK, India, and others. China's e-CNY leads with $890 billion in transactions, while the digital euro awaits 2029 issuance.

China, Chile, Indonesia, and Argentina are tightening export controls and nationalizing critical mineral resources. Washington and Brussels are racing to de-risk with FORGE, the Defense Production Act, and the EU Critical Raw Materials Act, but independence remains decades away.