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Trump Threatens 200% Tariffs on China Over Rare Earth Magnet Exports
Trump Threatens 200% Tariffs on China Over Rare Earth Magnet Exports
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BTCCSquare news:
U.S. President Donald TRUMP has escalated trade tensions with China, warning of 200% tariffs unless Beijing resumes significant exports of rare earth magnets. These components are critical for U.S. industries, powering everything from consumer electronics to military hardware.
The standoff highlights China's dominance in rare earth supply chains, with exports to the U.S. plunging 80% in May before a partial recovery in July. The threat comes as both nations delay broader tariff measures during ongoing trade negotiations.
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