Trump says that the United States has much greater influence on China over the magnet

The two said: “We have much larger and better cards than they do.” “If I play these cards, this would destroy China. I will not play these cards.”

China stopped most rare land magnet shipments to the United States in April, arming the country’s grip by 90 % on global production of pressure on American factories. Beijing agreed to normalize flows as part of a commercial truce that was negotiated with the Trump administration, with shipments reaching the United States to the highest level in six months in July.

Beijing is send The main trade negotiator for the United States this week, according to Wall Street JournalIn what might indicate the resumption of talks between the two sides after they agreed to stop their conflict.

Trump praised China for “intelligently” to determine the rare land as a decisive element for important industries and quickly move to establish a monopoly in their mining and treatment.

“We are heavy in the world of magnet now, only from the point of view of national security,” Trump said. “But we have something strong. It is a plane parts and many Boeing aircraft.”

Trump said China has 200 aircraft that was unable to fly because the United States was not given by Boeing parts due to Beijing’s policies on the magnet.

The Republican said: “I sent them all parts so that their planes can fly.” “I could have given them. I did not do it because of the relationship I had. They fly.”

“Great relationship”

Trump also talked about a meeting expected by Chinese leader Xi Jinping in the Asian nation. The American president repeated that he had a “great relationship” with Shi and said they had spoken “somewhat recently.”

“At some point, perhaps this year or shortly after that, we will go to China,” he said.

Feng Chocheng, the founding partner of the Beijing -based Hutong Research, said that the first handshake between Trump and shout on the features of the deal will be needed before any major summit occurred between the two. He referred to the summit of the APEC group of Asia Pacific countries in South Korea in late October as a possible place.

“Without a long -term settlement with the United States, business trust cannot recover usely in China,” Feng added.

Trump said that the largest assets of the United States in negotiations are the customs tariff, as it floats on a possible tariff of up to 200 % on China if the magnet does not provide.

But he added that he believed that the issue was “behind us” and did not suggest that China did not provide sufficient magnet.

He said: “If we want to put the 100 % definitions, by 200 %, we will not do any work with China. As you know, it will be fine as well, if we have to.” “But the magnet situation – we have a tremendous force on it, and they have some strength on us.”

The president also involves great progress in developing local supplies, saying that “it will take us about a year to obtain a magnet”, without being more specific.

MP MATERIALS Corp. , The Sole Us Rare Earth Miner, to start the commercial production of the magnet later this year. But it is expected that it will work at modest levels of production before expansion-with the financing of Pentagon-more than this contract.