US threatens 200% tariffs if China maintains ban on exports of magnets; here’s why they matter
Trump also hailed the US-China relationship while meeting South Korean President Lee Jae-myung in the White Houseโs Oval Office. In a soft warning, he said the US can adopt various moves which could destroy China but they will not do so.
Washington: US President Donald Trump has threatened a whopping 200 per cent tariffs on China if Beijing continues to restrict export of rare earth magnets. "We have a very strong relationship economically with China. They have to give us magnets. If they donโt, we charge a 200% tariff or something ... .China intelligently went in and they sort of…