Trump threatens 200% tariff in China for magnets export

US President Donald Trump during a meeting with South Korean President Lee Jay Mun, not in the image, in the Owl Cabinet of the White House in Washington, Colombia County, Monday, August 25, 2025.

Al Drago | Bloomberg | Gets the image

US President Donald Trump on Monday the state warned of more steady tariffs for China when exports of rare earthworks were holding back, threatening the unstable trading truce between the two largest economies in the world.

“They have to give us magnets if they do not give us magnets, then we have to charge 200% of them or anything,” Trump told reporters after meeting with South Korean President Lee Jay Mung at the White House on Monday.

Trump also said that parts of the plane were a key impact that Washington should resist Beijing’s preservation on rare lands: “200 of their planes could not fly because we did not give them Boeing’s details because they did not give us magnets.”

Boiling Works on an agreement on sale in China as many as 500 aircraft, and both sides complete details such as reactive models, types and delivery schedules, Bloomberg reportedEmphasizing the role of aircraft planes in a potential US-Kita trade transaction.

Trump’s statement comes at the time when Chinese rare earth magnets are being restored to the level that was seen before Beijing imposed export curbs. Magnets sent to the USA grew more than seven times – 660% – in June from the previous month, and volumes increased by 76% in July.

China is dominated by rare groundwater production, controlling about 90% of global nutrition, and maintains a similar contribution to the processing of minerals used for their manufacture.

This domination has given Beijing significant leverage in its trade negotiations with Washington, as the United States is greatly relied on rare groundwater magnets for its large production sector, especially car, electronics and renewable energy sources.

Henry Van, the founder and president of the Chinese Center and globalization, at the Beijing Analytical Center, said Trump’s comments were signaled about his desire to promote trade cooperation with Beijing and move to the transaction.

“He’s bluff.

In June, Washington and Beijing agreed with a trading base, which included a softening of control over Chinese rare export exports, as well as lifting some US technological restrictions to supply to China.

US and China agreed to reduce tariffs on goods with each other up to 55% and 32%Accordingly. What the temporary truce should end in mid -November.

The Chinese Embassy in the US did not respond to CNBC’s request.

As reported Wall Street Journal reported on Tuesday.

Whether the trading truce will go beyond its November term, which will depend on the permanent bilateral interaction, said Alfred Mantasu-Hella, the head of the Greenpoint Advisory Firm, adding that the upcoming meetings may set the basis for higher level negotiations and continue the solutions.

China and US are trying to repeat each other's industrial policy

Source link