April 2025 Magnet Tariffs Update
April 10, 2025 – Latest Update: Current Tariffs on Chinese Goods Including Magnets Now Total 145% Today, the White House clarified that yesterday’s announced 125% tariff rate against China is actually 145% once 20% fentanyl tariffs are accounted for. This directly impacts critical raw materials and components used in magnet production, intensifying existing economic pressures for businesses reliant
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