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Trade disputes between the United States and China have flared up again as US President Donald Trump has issued a new warning about Beijing’s restrictions on magnet exports.
Speaking from the Oval Office, Trump stated that if China does not supply magnets, his administration would impose a 200 percent tariff on imports.
These comments followed China’s introduction of export restrictions on rare earth minerals and magnets in April. Many view this as retaliation against US tariffs.
“China must give us the magnets. If they don’t, we will impose very heavy tariffs,” Trump declared.
He also said the US would soon have “so many magnets that it will be difficult to handle,” indicating his intention to boost domestic production and lessen dependence on Beijing.
Trump commented on his relationship with Chinese President Xi Jinping, mentioning that Xi wanted him to visit China.
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“This is a very important relationship,” Trump said. He added that tariffs had “established better economic relations between the US and China.”
In a surprising remark, Trump suggested he might even rename the US Department of Defense to the “Department of War.” This reflects his often unconventional approach to policy announcements.
The dispute over magnets is significant because China is the world’s largest supplier of rare earth minerals. These are essential for defense technology, renewable energy systems, and electronics.
Analysts warn that ongoing restrictions could disrupt global supply chains and raise costs for industries relying on these critical materials.
With both Washington and Beijing strengthening their positions, trade tensions show little sign of easing. Trump’s latest threat highlights the ongoing instability in US-China relations.
