Trump says China must supply magnets or face possible 200% tariff

US president acknowledges Beijing's rare-earth edge, hopes issues are 'behind us'

20250826 china rare earths

A worker operates a bulldozer at a rare-earth metals mine in China's Jiangxi province. Flows of the critical materials are a key factor in Beijing's ongoing tariff truce with Washington. © Reuters

JAMES HAND-CUKIERMAN

TOKYO -- U.S. President Donald Trump said he would consider charging China a 200% tariff if they do not provide sufficient supplies of magnets, suggesting that the issue of rare earths continues to loom over relations even as Chinese exports of the critical materials rebound.

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