Trump’s 200% Tariff Threat to China RUINS Trade Deal | U.S Ultimatum on Rare Earths Shakes Markets

President Trump warned of steep 200% tariffs on China if rare-earth magnet exports were curbed, raising fresh concerns over the fragile U.S.-China trade truce. Speaking alongside South Korean President Lee Jae Myung, Trump cited airplane parts as leverage, noting China’s reliance on Boeing jets. Rare-earth magnets are crucial for U.S. industries like automotive, electronics, and clean energy, with China controlling nearly 90% of global supply. Analysts caution Trump’s remarks may be more bluff than policy, but tensions over critical minerals remain a flashpoint in trade talks.

#Trump #China #TradeWar #RareEarth #Magnets #Tariffs #USChinaRelations #Boeing #GlobalTrade #Manufacturing #CleanEnergy #Electronics #Automotive #TradeTalks #WhiteHouse #SouthKorea #USPolitics #TradeTruce #CriticalMinerals #EconomicPolicy #Geopolitics #SupplyChain #GlobalEconomy #ChinaExports #TrumpStatement #TradeTensions #BoeingDeal #MineralDependency #EnergySecurity #BreakingNews

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Transcript

00:00President Xi would like me to come to China.

00:02It's a very important relationship.

00:05If we want, I'd put 100%, 200% tariffs on.

00:07We wouldn't do any business with China.

00:09If I played those cards, that would destroy China.

00:11I'm not going to play those cards.

00:13Well, I'm meeting a lot of people.

00:15I mean, it's hard to say that, but I'd like to meet him this year.

00:20President Xi would like me to come to China.

00:22It's a very important relationship.

00:25As you know, we're taking a lot of money in from China

00:28because of the tariffs and the different things.

00:31It's a very important relationship.

00:33We're going to get along good with China.

00:35I hear so many stories about we're not going to allow their students.

00:38We're going to allow their students to come in.

00:40We're going to allow, it's very important, 600,000 students.

00:43It's very important.

00:44But we're going to get along with China.

00:46But it's a different relationship that we have now with China.

00:49It's a much better relationship economically than it was before.

00:53With Biden, boy, what he allowed that, I mean,

00:56they just took him to the cleaners.

00:57You know the expression?

00:58They took him to the cleaners.

01:00I'm sure they have an equal expression in South Korea,

01:03but they took that guy out for a ride like nobody's ever been ridden before.

01:08Terrible.

01:09But we have a very strong relationship, Howard.

01:12I would say economically with China now, it's getting much better.

01:16They have to give us magnets.

01:17If they don't give us magnets, then we have to charge them 200% tariff or something.

01:23But we're not going to have a problem, I don't think, with that.

01:26I think that's perhaps behind us.

01:29You know, China intelligently went and they sort of took a monopoly of the world's magnets.

01:34And nobody needed magnets until they convinced everybody 20 years ago,

01:38let's all do magnets.

01:39There were many other ways that the world could have done.

01:41But so it'll take us probably a year to have them.

01:45We're heavy into the world of magnets now, only from a national security standpoint.

01:50But we have a powerful thing.

01:53It's airplane parts.

01:55They have many Boeing jets.

01:56You know, they had 200 jets that didn't fly.

01:58And I've sent them all, based on his word, I sent them all of the parts so their planes can fly.

02:06I could have held them back.

02:07I didn't do that because of the relationship I have.

02:11And their planes are now flying.

02:13You know, we had 200 of their planes were unable to fly because we were not giving them Boeing parts purposely

02:20because they weren't giving us magnets.

02:22Therefore, we weren't giving them.

02:23But we have a much more powerful thing that's tariffs.

02:25If we wanted to put 100%, 200% tariffs on, we wouldn't do any business with China.

02:32And, you know, it would be okay, too, if we had to.

02:34But the magnet situation, we have tremendous power over them, and they have some power over us with magnets.

02:41We're going to have a lot of magnets in a pretty short period of time.

02:45In fact, we'll have so many we won't know what to do with them.

02:47But you know the story.

02:49It's a very interesting history with magnets.

02:51And really, it's because presidents, not being business people, they allowed that to happen.

02:57And they shouldn't have.

02:59But we have much more.

03:01I mean, look, in terms of playing the cards, we have much bigger and better cards than they do.

03:06But with that being said, I think we have a great relationship.

03:09I spoke to your presidency fairly recently.

03:11And at some point, probably during this year or shortly thereafter, we'll go to China.

03:16And I think we're going to see a magnificent sight.

03:19It's a great country.

03:20Mr. Chairman, most you and President Lee actually are planning to go to China.

03:25You mentioned either this year or next year.

03:27Could you please share more details about your plans going to China and also President Lee?

03:32Well, maybe we'll go together.

03:33Do you want to go together?

03:34We can share a plan.

03:35We'll save energy.

03:36We'll save a little, you know, the ozone layer.

03:43Remember, President Obama used to talk about the ozone layer.

03:47And then he'd fly to Hawaii to play a round of golf at the 747.

03:51Mr. President, I'm going to ask you for the invitation, Mr. Lee.

03:59Well, it's not a bit jokingly, but if you want, you can...

04:01If you want to go, I'm going to get special permission.

04:12I'm sure you can go.

04:12But we're going to have a great relationship with China.

04:16I mean, it's happening.

04:17You see it.

04:18It's happening.

04:19They have some cards.

04:22We have incredible cards, but I don't want to play those cards.

04:24If I played those cards, that would destroy China.

04:27I'm not going to play those cards.

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Trump’s 200% Tariff Threat to China RUINS Trade Deal | U.S Ultimatum on Rare Earths Shakes Markets

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