Barrons Roundtable discusses the importance of rare earths and magnets, and China’s monopoly over the industry.
President Donald Trump on Friday said the U.S. is considering imposing a “massive” tariff hike on China in the latest move amid an ongoing trade dispute between the two countries.
Trump wrote in a post on his Truth Social platform that China is telling other countries they want to impose export controls on rare earth minerals, which are critical components for advanced technologies ranging from semiconductors to smartphones.
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