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Latin Times
Latin Times
Politics

President Trump Says U.S. Needs More Magnets to Reduce Reliance on China in Defense Manufacturing

Donald Trump China Alex Wong United States Carlisle Pennsylvania
CARLISLE, PENNSYLVANIA - JULY 15: President Donald Trump speaks at the Pennsylvania Defense and Innovation Summit at U.S. Army War College on July 15, 2026 in Carlisle, Pennsylvania. (Credit: Photo by Alex Wong/Getty Images)

President Donald Trump urged U.S. defense contractors to expand domestic magnet production on Wednesday, arguing that magnets are vital to national security and could become a profitable business as Washington seeks to reduce reliance on China for critical materials.

Speaking at the Pennsylvania Defense & Innovation Summit, Trump repeatedly encouraged companies in attendance to enter the sector.

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