US President Donald Trump has stated that China must supply magnets to the United States or face a potential 200% tariff. This warning comes amid an ongoing trade dispute, where China has been sensitive about its control over the rare earths supply, adding magnets to its export restriction list in April. The discussion includes the quote from Donald Trump: "They have to give us magnets. If they don’t give us magnets, then we have to charge them 200% tariff or something, you know." The analysis also points to a perceived inconsistency in US trade policy, noting that while a tariff truce with China is extended, India faces an additional 25% tariff effective from August 27th. This is despite China being the largest importer of Russian oil, a factor not prompting similar US tariff action against Beijing. #trump #china #ustrade #tariffwar #magnets #rareearths #uschinarelations #tradedispute #worldnews #indiatodayglobal #useconomy #geopolitics #foreignpolicy #usindiarelations #tariffs
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world!
WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00
Download App: https://indiatoday.link/wHaj
Follow us: Official website: https://www.indiatoday.in/
Twitter: https://twitter.com/IndiaToday
Facebook: https://www.facebook.com/IndiaToday
