1: What are the major uses for neodymium magnets? Why are they so sought after in the US economy?

2: What are the efforts that the US has taken to protect and expand production in the US of the neodymium magnets? Will this have implications for our trade partners?

https://www.politico.com/news/2022/09/21/biden-national-security-tariffs-earth-magnets-china-japan-eu-00057920Links to an external site.