Donald Trump warns China of 200 % tariffs over ban on magnet exports
PTC News Desk: US President Donald Trump warned Beijing on Monday that it must supply rare earth magnets or face tariffs as high as 200 per cent, even as he hinted at a possible visit to China later this year.
"They have to give us magnets," he said.
"If they don’t give us magnets, then we have to charge them (a) 200 per cent tariff or something. But we’re not going to have a problem, I don’t think, with that," he added.
Trump remarks came during his meeting with Trump’s meeting with South Korean President Lee Jae Myung in Washington, where he addressed the current state of US-China relations and his recent conversations with Chinese President Xi Jinping.
"At some point, probably during this year or shortly thereafter, we’ll go to China," Trump said. "We’re going to have a great relationship with China."
#WATCH | Washington DC | "We are going to have a great relationship with China...They have some cards. We have incredible cards, but I don't want to play those cards. If I play those cards, that would destroy China. I am not going to play those cards" says US President Donald… pic.twitter.com/PDlNPkkmm2 — ANI (@ANI) August 25, 2025
Rare earth minerals continue to be bone of contention between both the nations. Essential for products ranging from smartphones to fighter jets, these resources are viewed by Washington as a strategic weak point due to China’s overwhelming control of their production.
- With inputs from agencies
