President Trump warned of steep 200% tariffs on China if rare-earth magnet exports were curbed, raising fresh concerns over the fragile U.S.-China trade truce. Speaking alongside South Korean President Lee Jae Myung, Trump cited airplane parts as leverage, noting China’s reliance on Boeing jets. Rare-earth magnets are crucial for U.S. industries like automotive, electronics, and clean energy, with China controlling nearly 90% of global supply. Analysts caution Trump’s remarks may be more bluff than policy, but tensions over critical minerals remain a flashpoint in trade talks.

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