US President Donald Trump said on Monday that China must ensure the US supply of rare earth magnets or face 200 per cent tariffs, and that he will continue to allow Chinese students into the country.
“They have to give us magnets,” otherwise “we have to charge them 200 per cent tariff or something”, Trump told reporters while meeting South Korean President Lee Jae Myung at the White House. He conceded, though, that such high duties would mean a breakdown in bilateral trade.
“We have a much more…
