AsianFin -- U.S. President Donald Trump is preparing to invoke emergency powers under the Defense Production Act (DPA) to fast-track U.S. production of critical minerals and weapons, according to Reuters.

The move would reduce legal hurdles—potentially bypassing some congressional funding approvals—and allow the administration to more aggressively direct domestic industrial resources in the name of national security. The DPA, a Cold War-era law, grants the president sweeping authority to intervene in private industry during times of crisis.