What's happening right now is President Trump is restructuring the Pacific and Asia on saying, hey, we're your trade partners. China is being too aggressive. China overshot when they said that they were going to have people start licensing any product that was made with more than 1% of rare earth minerals that came from China. It gave President Trump an opportunity there to go restructure the trade deal and fix the failures of the Obama administration. So this goes back 10 years. (01:14–01:24)
CLAIM
Asserts that China required licensing for products with over 1% of rare earth minerals from China.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
