President Donald Trump told reporters on Monday that China has to give the United States magnets or "we have to charge them 200% tariff or something" amid a trade dispute between the two nations. China is increasingly sensitive about rare earths and its control over supply,

The Trump administration’s tariff policies remain consistently in flux. On Monday, the president took aim at China for its continued export restrictions on seven rare earth minerals and magnets, despite a shaky trade truce extended earlier this month.

We're going to have a lot of magnets in a pretty short period of time. In fact, we'll have so many we won't know what to do with them,' US president says - Anadolu Ajansı