- cross-posted to:
- news@lemmy.world
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- cross-posted to:
- news@lemmy.world
- worldnews@lemmy.ml
cross-posted from: https://lemmy.zip/post/47176268
President 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.
Archived version: https://archive.is/20250825175243/https://www.reuters.com/world/china/trump-says-china-has-give-us-magnets-or-face-200-tariff-2025-08-25/
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
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The Orange TACO demonstrating why the only way to deal with America for the next 4 years is to completely ignore them and work with the rest of the world for trade. Trump doesn’t honor the trade deals that HE negotiated (Canada and Mexico, for example) and has no problem throwing out the any deal when someone whispers in his ear about some new thing. Negotiating is utterly pointless. He is the boy who cried wolf and clearly there is no wolf at all. Why should the world care if America wants Americans to spend 200% more for magnets? Or oil? Or electricity? Coffee? Cars? Groceries? Etc… etc… etc. They voted for this. Let them suffer. The rest of the world will be just fine. This is the path Canada is taking and the rest of the world needs to wake up and cooperate — without the USA.
Fuckin’
magnetstarrifs, How do they work?He still doesn’t understand who pays tariffs, does he?
He understands what they do for him, which is to tank and rebound specific markets in a predictable way so that he and his goons can insider trade.
There was never a trade war - he doesn’t give a shit about the economy. It’s market manipulation.
You don’t understand he always did and he benefits from it, but needs to lie about it for his “very confused” constituents to follow him? Why do you assume incompetence when the man has more than earned Hell!?
Yes! Maaaaagnets! Ooooh! Maaagneeets!
Magnets are great until you get them wet.
Better keep them bitches dry.
The US is ruled by the Insane Cunt Posse.
China: cool story, bro
So the previous “trade deal” he boasted about was just a “concept of a deal” and now we are back in full trade war … again.
TACO Tuesday looking good!
Watch China shrug off Don Taco again.
What’s with the magnets?
China produces about 3/4 of the worlds neodymium magnets and those are the strongest permanent magnets. As such they are critical components for all sorts of electrical devices.
https://en.wikipedia.org/wiki/Neodymium_magnet#Applications
China has the monopoly or practically the monopoly on many rare earth extraction and refinement, as well as a strong presence in the manufacture of components out of it. China’s industrial strategy has identified critical industries for the 21st century and is building to become the global leader in all of them. China is way past the point of letting the US bully it and so they are calling Trumps bluffs.
Thanks for the explanation. I didn’t realize china produces most of neodymium magnets
Most electric vehicle motors (or any motor, wind farms, cordless drills, etc), speakers, and medical MRI machines need them and lots of them. Kind of important and America has been asleep at the wheel on this topic for decades.
Let’s go Donnie!!!
but, what if they get wet? USELESS!
