World News@lemmy.worldEnglish · 4 days ago

Trump threatens 'massive' tariff hike on China over rare earths dispute

www.cnbc.com

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Trump threatens 'massive' tariff hike on China over rare earths dispute

www.cnbc.com

RandAlThor@lemmy.ca to

World News@lemmy.worldEnglish · 4 days ago

Stock markets dropped on Trump's bellicose Truth Social post that said China is "becoming very hostile" in seeking tough export controls on rare earths.

Trump cited export controls that China imposed on rare earths from that country. Trump also threatened to cancel his upcoming meeting with Chinese President Xi Jinping because of the dispute.

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SaveTheTuaHawk@lemmy.ca
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8 hours ago
Meanwhile…a US company is making ferrite motors for EVs without any rare earths. Fine for any car except ultra high performance.

Niron Magnetics in MN.

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