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Trump: I can threaten China with 'many other things,' like access to airplane parts
CNBC Television· 2025-10-20 18:45
I think we'll make a deal. They threatened us with rare earths and I threatened them with tariffs, but I could also threaten them with many other things like airplanes. You know about airplanes because they can't get parts for their airplanes.We build their airplanes. We do a great job. Uh they're largely Boeings and we could stop the parts. We did stop the parts actually when they did the initial threat.That's a big They closed down over 400 of their airplanes, but we don't want to do that. But we have a m ...
Trump threatens 200% tariff on China over possible export curbs: 'They have to give us magnets'
CNBC· 2025-08-26 02:32
Group 1 - U.S. President Donald Trump warned of potential 200% tariffs on China if exports of rare-earth magnets are restricted, indicating a fragile trade truce between the U.S. and China [2][3] - China's exports of rare-earth magnets to the U.S. surged by 660% in June compared to the previous month, with a 76% increase in July, highlighting China's dominance in the global supply of these materials [3][4] - The U.S. relies heavily on rare-earth magnets for its manufacturing sectors, including automotive, electronics, and renewable energy, giving China significant leverage in trade negotiations [4][6] Group 2 - A trade framework agreed upon in June included easing controls on Chinese rare-earth exports and a rollback of some American tech restrictions, indicating a potential path toward improved trade relations [5][6] - The temporary truce between the U.S. and China is set to expire in mid-November, with ongoing bilateral engagement being crucial for its sustainability [6][7] - Upcoming meetings between senior Chinese trade negotiator Li Chenggang and U.S. officials may lay the groundwork for higher-level negotiations to address trade tensions [6][7]