Summary: President Trump threatened a 200% tariff on China if rare-earth magnet exports are curbed. He stated that airplane parts are a key leverage for the U.S. in countering China’s grip on rare earths. China dominates rare-earth magnet production, controlling about 90% of global supply.

Link: https://www.cnbc.com/2025/08/26/trump-tariffs-china-rare-earth-magnets-exports.html