Overview
- President Donald Trump warned he would levy roughly 200% tariffs on Chinese goods if Beijing does not speed exports of rare‑earth magnets to the United States.
- The tariff threat comes as a temporary deal lowering duties to about 30% for the U.S. and 10% for China remains in place under an extended 90‑day truce running toward November, with China pledging to accelerate export licenses.
- Trump pointed to additional leverage in the dispute, saying the U.S. could withhold Boeing aircraft parts to disrupt Chinese flight operations.
- The Pentagon is committing major support to domestic production, including a $400 million investment in MP Materials, a $150 million loan, purchase guarantees for output from a new Texas plant, and a decade‑long price floor for key rare‑earth products.
- The U.S. Geological Survey published a 2025 draft critical‑minerals list for public comment that proposes adding copper and potash, signaling broader efforts to reduce dependence on foreign supplies.