industrial magnet tariffs

magnet tariffs and export controls update

June 2025 Magnet Tariffs and Export Controls Update

Tariff Reductions Following Temporary Truce On May 12, 2025, the U.S. and China agreed to a 90-day trade truce, which resulted in a reduction of U.S. tariffs on Chinese goods, including those for permanent magnets. The total tariff on all Chinese magnets was lowered to 30%, comprising: A 20% “fentanyl tariff” (10% imposed on February […]

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