26.08.2025 08:14
U.S. President Donald Trump announced that China should provide magnets to the U.S., otherwise they would impose a 200% tariff. Trump also addressed China's role in the economy, stating that they are establishing better relations.
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U.S. President Donald Trump stated that China must provide magnets to the U.S., otherwise they will have to impose "a 200% tariff or something similar."
During a meeting where U.S. President Trump hosted South Korean President Lee Jae Myung in the Oval Office, he made evaluations regarding China to the press.
MAGNET CRISIS! THE SANCTIONS WILL BE SEVERE
Trump noted that the U.S. has a much better economic relationship with China than before, stating that China is acting wisely and has almost a monopoly on the world's magnets.
Trump said, "They have to give us magnets; if they don't, we will have to impose a 200% tariff or something similar."
Stating that they have gained strength against China in the field of magnets, Trump remarked, "We will have a lot of magnets very soon."
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