In a surprising development amid ongoing trade tensions, former President Donald Trump has announced that the United States will source magnets and rare earth minerals from China, despite previously advocating for greater domestic production. Alongside this, Trump revealed plans to increase tariffs on Chinese goods to 55%, signaling a continued hardline stance on trade relations. The new measures underscore the complex dynamics between economic dependency and protectionist policies as the two countries navigate a fraught commercial relationship.
Trump Signals Major Shift in US Supply Chain Securing Magnets and Rare Earth Minerals from China
In a surprising policy pivot, former President Donald Trump announced that the United States will continue sourcing critical magnets and rare earth minerals from China, reversing previous efforts to decrease dependency on the Asian superpower. However, this decision comes coupled with plans to impose steep tariffs, hiking rates to 55% on a…
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Author : Ethan Riley
Publish date : 2025-06-11 14:47:00
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