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Trump’s promised 100% tariff on China is escalating the trade war to new, turbulent levels
Fastcompany· 2025-10-11 15:00
"It is impossible to believe that China would have taken such an action, but they have, and the rest is History,†Trump wrote. The trade war between the U.S. and China is heating up: On Friday, U.S. President Donald Trump lashed out at Beijing after China said it would tighten control over rare earth mineral exports, with the president saying he would impose a new 100% duty on Chinese goods—†over and above†existing tariffs. The reignited trade war has rocked markets, particularly tech stocks, with the Nasd ...
Trump announces 100% additional tariff on China beginning in November
Fox Business· 2025-10-11 00:40
Core Points - The U.S. will impose a 100% tariff on imports from China starting November 1, 2025, in response to China's aggressive trade stance and planned export controls on rare earth minerals [1][2][6] - The announcement follows a warning from Trump about potential new tariffs and China's intentions to implement export controls on critical materials essential for advanced technologies [9][10] - The escalation in trade tensions has led to a significant drop in global markets, with the S&P 500 experiencing its largest one-day decline since April, falling over 2% [11] Trade Relations - Trump accused China of taking an "extremely aggressive" position in global trade, claiming they sent a hostile letter regarding their plans for export controls [5][6] - The U.S. will also impose export controls on critical software starting the same date as the tariffs [5] Rare Earth Minerals - China currently supplies over 90% of the world's processed rare earths, which are vital for technologies such as semiconductors and smartphones [12] - The potential export controls by China could significantly impact global supply chains and technology sectors [9][10]
Trump Threatens to Cancel Meeting with China's Xi and Impose New Tariffs
Nytimes· 2025-10-10 16:03
The president raised economic retaliation after Beijing imposed new restrictions on the export of rare earth minerals, which are vital supplies for U.S. automakers and defense manufacturers. ...
China Stocks Rally Despite Soft Consumption Data and Rising Trade Tensions
FX Empire· 2025-10-09 03:43
GDP Outlook Strengthens Despite Near-Term ChallengesDespite weak sentiment toward the Golden Week holiday, economists continue to raise GDP projections for 2025. The World Bank projected GDP growth of 4.8%, up from April’s 4.0%, while expecting the economy to expand by 4.2% in 2026. The World Bank attributed the slowdown in 2026 to weaker external demand and fewer fiscal stimulus measures.The outlook for 2026 contrasts with expectations of Beijing setting a 4.5% to 5% GDP growth target for the year.CN Wire ...
USA Rare Earth Announces Date for Release of Third Quarter 2025 Results and Conference Call
Globenewswire· 2025-10-07 11:00
STILLWATER, Okla., Oct. 07, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (USAR or the Company), today announced that it will release financial results for the quarterly period ended September 30, 2025, after U.S. markets close on Thursday, November 6, 2025. Additionally, the Company will host a conference call that afternoon to discuss the results and related matters. EARNINGS RELEASEThursday, November 6, 2025 (after market close) LIVE CONFERENCE CALLThursday, November 6, 2025, at 4 p.m. CT ...
Why USA Rare Earth Stock Is Sinking Today
The Motley Fool· 2025-08-18 18:45
Core Viewpoint - Recent trade news regarding Chinese rare earth mineral exports has negatively impacted USA Rare Earth stock, leading to significant sell-offs and a decline in share price [1][4]. Group 1: Stock Performance - USA Rare Earth stock experienced a decline of 7.7% as of Monday afternoon, with intraday lows reaching 9.9% [1]. - Despite the recent sell-off, the stock has increased approximately 63% over the last three months, reflecting earlier bullish momentum due to trade disputes and tariffs between the U.S. and China [5]. Group 2: Market Dynamics - Chinese exports of rare earth minerals have surged, with a 69% increase in shipments on a sequential monthly basis in July, reaching the highest levels since January [2][4]. - The increase in Chinese mineral exports suggests a potential decrease in demand for USA Rare Earth's services in the near term [2]. Group 3: Future Outlook - The relationship between the U.S. and China will significantly influence USA Rare Earth's stock performance, as China dominates global rare earth mineral production [6]. - The U.S. is focusing on enhancing its domestic mining capabilities and diversifying sourcing options due to ongoing competition and tensions with China [6]. - Future access to minerals is expected to be a critical factor in any potential trade agreements between the U.S. and China [7]. - The U.S. government's priority on improving mineral sourcing may lead to further sell-offs for USA Rare Earth in response to trade developments or continued growth in Chinese shipments, although the long-term investment case remains intact [8].
USA Rare Earth Announces Date for Second Quarter 2025 Results and Conference Call
Globenewswire· 2025-07-22 11:01
STILLWATER, Okla., July 22, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (USAR or the Company), today announced that it will release financial results for the quarterly period ended June 30, 2025, after U.S. markets close on Monday, August 11, 2025. Additionally, the Company will host a conference call that afternoon to discuss the results and related matters. EARNINGS RELEASE Monday, August 11, 2025 (after market close) LIVE CONFERENCE CALL Monday, August 11, 2025 at 2 p.m. PT / 5 p.m. ET U ...
USA Rare Earth Bolsters Global Sales Effort with Appointment of Ron Fogarty as Vice President of Sales
Globenewswire· 2025-06-23 11:01
Core Insights - USA Rare Earth, Inc. has appointed Ron Fogarty as Vice President of Sales to lead global sales efforts for its neodymium magnet production facility in Stillwater, Oklahoma [1][2] - The company aims to secure supply agreements for 2026 delivery and build a sales organization to support its growth plans [3] Company Overview - USA Rare Earth is constructing the first and largest fully domestic rare earth magnet supply chain in the U.S., with a 310,000 square foot manufacturing facility in Stillwater, Oklahoma [5] - The company controls mining rights to the Round Top Mountain rare earth deposit in West Texas, which contains significant heavy rare earths and critical tech minerals [5] - The products produced by USA Rare Earth are essential for various industries, including defense, automotive, aviation, industrial, medical, and consumer electronics [5] Leadership and Strategy - Ron Fogarty brings over 35 years of experience in sales and business development, previously serving as Vice President of Sales for ABB [2] - The CEO, Joshua Ballard, emphasized the importance of Fogarty's role in building strong teams and driving sustainable growth [3] - Fogarty expressed enthusiasm for meeting customer needs across growing industries and the potential for sustained growth over the next decade [3]
USA Rare Earth Announces Appointment of David Bushi as Senior Vice President of Manufacturing
Globenewswire· 2025-06-05 11:00
Company Overview - USA Rare Earth, Inc. is constructing the first and largest fully domestic rare earth magnet supply chain in the U.S. [5] - The company is building a 310,000 square foot rare earth sintered neodymium magnet manufacturing facility in Stillwater, Oklahoma [5] - USA Rare Earth controls mining rights to the Round Top Mountain rare earth and critical minerals deposit in West Texas, which includes significant deposits of heavy rare earths and other critical tech minerals [5] Leadership Appointment - David Bushi has been appointed as Senior Vice President of Manufacturing, responsible for leading manufacturing operations at the Stillwater facility [1][3] - Mr. Bushi has over 25 years of large-scale manufacturing experience, including a recent role as Vice President of Manufacturing for CoorsTek [2] - His expertise is expected to be critical as the company scales up production early next year [3] Strategic Importance - The appointment of Mr. Bushi comes at a pivotal moment for the company, as it aims to build out its physical plant and improve operational efficiency [3] - The manufacturing operations in Stillwater are positioned to play a significant role in the U.S. effort to rebuild a reliable supply chain for critical minerals and neodymium magnets [3]
USA Rare Earth Announces Closing of $75 Million PIPE Financing
Globenewswire· 2025-05-05 11:01
Company Overview - USA Rare Earth, Inc. (USAR) is focused on building a vertically integrated domestic rare earth magnet production supply chain [5] - The company is constructing a 310,000 square foot rare earth sintered neo magnet manufacturing facility in Stillwater, Oklahoma [5] - USAR controls mining rights to the Round Top Mountain rare earth and critical minerals deposit in West Texas, which contains significant deposits of heavy rare earths such as dysprosium and terbium, along with other critical tech minerals [5] Recent Financing - USAR announced the closing of a private investment in public equity (PIPE) financing, raising total gross proceeds of $75 million from a single institutional investor [1] - The proceeds will be used to fund capital expenditures for the magnet manufacturing facility, as well as for working capital and operating expenses [1] Advisory and Legal Support - Cantor Fitzgerald & Co. acted as the lead placement agent for the private placement, with additional support from Cohen Capital Markets, Roth Capital Partners, LLC, and Jett Capital Advisors, LLC [2] - Legal counsel for USAR was provided by White & Case LLP, while Reed Smith LLP served as legal counsel to the placement agents [2]