The US president’s escalation comes despite a 90-day pause on increased tariffs that has already been agreed, and as negotiations between the world’s two largest economies loom.
President Trump stated that China must provide more magnets, threatening a 200 percent tariff amid ongoing trade disputes, despite a recent 90-day tariff pause. China’s dominance in the global magnet market and recent export surges complicate negotiations, as both nations navigate their tariff standoff.
