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Trump says US gets rare earth minerals from China and tariffs on Chinese goods will total 55%
President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.
Since returning to the White House in January, Trump has deployed tariffs aggressively, seeing them as a way to raise money for the federal government, protect American industries, lure factories back to the United States and pressure other countries into bending to his will. The agreement came as an international rights group said that several global brands are among dozens of companies at risk of using forced labor through their Chinese supply chains because they use critical minerals or buy minerals-based products sourced from the far-western Xinjiang region of China. Danny Russel, vice president for international security and diplomacy at the Asia Society Policy Institute, said Trump’s latest pressure campaign on China appeared to “be ending with a whimper, not a bang.”
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