Trump warns China against restricting rare earth magnet exports and points to Boeing airplanes as leverage in negotiations. Read more.

U.S. President Donald Trump has warned that China must continue to supply rare-earth magnets to the United States, or face tariffs as high as 200%. Speaking to reporters after a meeting at the White House with South Korea’s President Lee Jae Myung,

China halted most shipments of rare-earth magnets to the US in April, weaponizing the nation’s 90% grip on global production to squeeze American factories. Beijing agreed to normalize flows as part of a trade truce negotiated with the Trump administration,