Donald Trump has threatened China with 200% tariffs on its products unless it speeds up exports of magnets and essential rare earths.

In a recent statement, US President Donald Trump warned China that he would impose 200% tariffs on Chinese goods if Beijing does not speed up exports of rare earths and magnets, essential to its technology and weapons industries. The threat comes amid a trade war between the two countries marked by reciprocal tariff hikes. Although negotiations have led to a reduction in tensions, US officials accuse China of slowing the process of issuing licenses to export these strategic resources.