A warning of higher tariffs over China’s supply of permanent magnets only shows Beijing it must protect its near-monopoly status, experts said
Revived threats of tariff increases from US President Donald Trump over China’s supply of rare earth elements highlight the minerals’ importance in global manufacturing, analysts said – and show Beijing its dominance in this area remains a potent source of leverage in trade negotiations.
He described tariffs as “incredible cards”, saying they would “destroy China” if played.
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