“President Donald Trump on Monday stateside warned of steeper tariffs on China if exports of rare-earth magnets were curbed, threatening a precarious trade truce between the world’s two largest economies,” CNBC reports.
Said Trump: “They have to give us magnets, if they don’t give us magnets, then we have to charge them 200% tariffs or something.”
Wall Street Journal: Top Chinese trade negotiator set to head to U.S. as talks resume.
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