What are the economic implications of deep-sea mining?

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  And this is Andrew Peach with World Business Report.

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  Good to have your company.

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  Today, the US wants more deep sea mining for minerals needed to make batteries,

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  computer chips and weapons.

• 00:39

  There are reports that Apple's planning to move the production of its iPhone sold in the US from China to India in response to President Trump's tariffs.

• 00:47

  And we'll hear from the new boss of the Japanese convenience store chain, 7-Eleven.

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  Lowering prices and lowering quality typically doesn't work.

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  because customers figure that out really fast.

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  So what you have to do is find ways to maintain the quality

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  while bringing your costs down as much as you can.

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  First,

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  President Trump has signed an executive order aimed at accelerating deep-sea mining for critical minerals for batteries,

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  computer chips and weapons.

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  The Trump administration said the move could boost the US economy by $300 billion over 10 years.

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