
The Trade War Effect on Neodymium Magnet Prices: How Tariffs Are Impacting the Industry
The Trade War Effect on Neodymium Magnet Prices: How Tariffs Are Impacting the Industry Introduction The world is facing unprecedented trade tensions, with countries imposing retaliatory tariffs on each other’s goods. The neodymium (NdFeB) magnet industry, a crucial component of modern technology, is not immune to these effects. In this article, we will delve into the impact of the trade war on neodymium magnet prices and explore the consequences for the industry. The Trade War: A Background In 2018, the United States government imposed tariffs on imported goods from China, including rare earth magnets, which were valued at 25 billion USD. China retaliated by imposing its own tariffs on American […]
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