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Tag: rare earth magnets

Trump Threatens 200% Tariff Hike on China Over Rare-Earth Magnet Supply

Trump Threatens 200% Tariff Hike on China Over Rare-Earth Magnet Supply

President Donald Trump has issued a bold warning to Beijing, threatening a 200% tariff hike on Chinese goods if China fails to supply the United States with critical rare-earth magnets. Rare-earth magnets are vital for U.S. industries, powering everything from electric vehicles and wind turbines to military equipment and smartphones. Trump stressed that America’s reliance…

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