Overview

• President Trump warned China to increase magnet supplies to the United States or face tariffs of 200 percent.
• An executive order signed this month extended the tariff deadline by 90 days, preventing a jump to far higher rates until Nov. 10.
• China added rare-earth items and magnets to its export control list in April and holds roughly 90 percent of the global magnet market.
• Official customs data show July rare-earth ore volumes rose by more than 4,700 tonnes compared with June.
• Trump said he expects to visit China later this year or shortly thereafter as negotiations continue.