Donald Trump is still beating the tariff drum as he desperately tries to get China to play ball. Unfortunately for him they are refusing. Now the U.S. president is demanding that China start exporting rare-earth magnets to the U.S. or face a 200% tariff on other exports.
Trump’s trade war with China has been a rather humiliating affair for the president but he persists nonetheless, making demands of the country despite not being in the best position to bargain. Earlier this year it seemed the two countries were set to enter a full blown trade war with tariffs on either side ballooning to ridiculous proportions. However, a truce between the U.S. and China was reached which is set to last until November, unless Trump messes it up of course.
