Rare earth stocks jump after Trump says China holding world captive with its strict controls

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Shares of U.S. rare earth miners jumped Friday after President Donald Trump threatened countermeasures against China, accusing Beijing of holding the world “captive” with its strict export controls.

“I will be forced, as President of the United States of America, to financially counter their move,” Trump said on his social media plaftorm Truth Social.

“One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America,” the president said. “There are many other countermeasures that are, likewise, under serious consideration.”

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