Trump Demands Magnets Amid U.S.-China Trade Tensions

Amid escalating trade tensions, President Donald Trump insists that China should supply magnets to the U.S. or face a hefty 200% tariff. This comes as China includes rare earth materials and magnets in its list of restricted exports, responding to U.S. tariff hikes.

In a bold statement on Monday, President Donald Trump declared that China must provide magnets to the United States, or the country will impose a 200% tariff. The demand is part of ongoing trade tensions between the two nations.

China's sensitivity over its rare earth supply chain has increased, leading to the inclusion of several rare earth elements and magnets in its export restrictions list as of April. This move was a strategic response to tariff increases by the United States.

These developments highlight the simmering economic tug-of-war over critical technologies and materials, with both superpowers competing for control and influence in global markets.

(With inputs from agencies.)