Trump says China has to give US magnets or face 200% tariff
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He still doesn’t understand who pays tariffs, does he?
You don't understand he always did and he benefits from it, but needs to lie about it for his "very confused" constituents to follow him? Why do you assume incompetence when the man has more than earned Hell!?
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cross-posted from: https://lemmy.zip/post/47176268
President Donald Trump told reporters on Monday that China has to give the United States magnets or "we have to charge them 200% tariff or something" amid a trade dispute between the two nations.
Archived version: https://archive.is/20250825175243/https://www.reuters.com/world/china/trump-says-china-has-give-us-magnets-or-face-200-tariff-2025-08-25/
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
What's with the magnets?
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cross-posted from: https://lemmy.zip/post/47176268
President Donald Trump told reporters on Monday that China has to give the United States magnets or "we have to charge them 200% tariff or something" amid a trade dispute between the two nations.
Archived version: https://archive.is/20250825175243/https://www.reuters.com/world/china/trump-says-china-has-give-us-magnets-or-face-200-tariff-2025-08-25/
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
China: cool story, bro
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Magnets are great until you get them wet.
Then they explode.
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What's with the magnets?
China produces about 3/4 of the worlds neodymium magnets and those are the strongest permanent magnets. As such they are critical components for all sorts of electrical devices.
https://en.wikipedia.org/wiki/Neodymium_magnet#Applications
China has the monopoly or practically the monopoly on many rare earth extraction and refinement, as well as a strong presence in the manufacture of components out of it. China's industrial strategy has identified critical industries for the 21st century and is building to become the global leader in all of them. China is way past the point of letting the US bully it and so they are calling Trumps bluffs.
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So the previous "trade deal" he boasted about was just a "concept of a deal" and now we are back in full trade war ... again.
And not just the one with China. All of the trade deals so far are just some agreement, with no legal consequences whatsortever.
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What's with the magnets?
Most electric vehicle motors (or any motor, wind farms, cordless drills, etc), speakers, and medical MRI machines need them and lots of them. Kind of important and America has been asleep at the wheel on this topic for decades.
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cross-posted from: https://lemmy.zip/post/47176268
President Donald Trump told reporters on Monday that China has to give the United States magnets or "we have to charge them 200% tariff or something" amid a trade dispute between the two nations.
Archived version: https://archive.is/20250825175243/https://www.reuters.com/world/china/trump-says-china-has-give-us-magnets-or-face-200-tariff-2025-08-25/
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
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China produces about 3/4 of the worlds neodymium magnets and those are the strongest permanent magnets. As such they are critical components for all sorts of electrical devices.
https://en.wikipedia.org/wiki/Neodymium_magnet#Applications
China has the monopoly or practically the monopoly on many rare earth extraction and refinement, as well as a strong presence in the manufacture of components out of it. China's industrial strategy has identified critical industries for the 21st century and is building to become the global leader in all of them. China is way past the point of letting the US bully it and so they are calling Trumps bluffs.
Thanks for the explanation.
I didn't realize china produces most of neodymium magnets -
Then they explode.
My uncle, AL, lost his wife to exploding magnets. After her brutal death, . he started researching the dangers of lithium ion magnets at Harvard. If you ever see your magnet expand its very dangerous. Best thing to do is put it in the oven and heat it up to 450 degrees Celsius. The heat will safely dissipate the built of magnetic energy of the magnet.
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cross-posted from: https://lemmy.zip/post/47176268
President Donald Trump told reporters on Monday that China has to give the United States magnets or "we have to charge them 200% tariff or something" amid a trade dispute between the two nations.
Archived version: https://archive.is/20250825175243/https://www.reuters.com/world/china/trump-says-china-has-give-us-magnets-or-face-200-tariff-2025-08-25/
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
TACO Tuesday looking good!
