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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