Trump says China has to give US magnets or face 200% tariff
Trump says China has to give US magnets or face 200% tariff
www.reuters.com
reuters.com
Donald Trump told reporters on Monday that China has to give the United States magnets or "we have to charge them 200% tariff or something" amid a trade dispute between the two nations.
I'm not sure China even cares that much anymore, USA has already blocked several major Chinese industries or put unrealistic tariffs on them, making USA not nearly as relevant as the size would normally make it.
USA will simply have to use 2nd rate magnets, just like they will have to use 2nd rate of many other things because of their tariffs against the entire world.
Read: "Trump wants tariffs on China"
The magnets do not matter.