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The Independent UK
The Independent UK
Ariana Baio

Trump’s call for defense contractors to ‘do magnets’ came after Don Jr reportedly took stake in rare minerals company

President Donald Trump called on more defense contractors to partner with the U.S. and “do magnets” – a request that comes after a venture capital firm linked to his son, Donald Trump Jr., took a stake in a rare-earth magnet manufacturing start-up.

At the Defense and Power Summit in Pennsylvania Wednesday, the president took a momentary detour from acknowledging defense manufacturing to call for more magnet production.

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