And because of that, Mexico came to the table, Canada came to the table, China, who exports or their precursor drugs have all come to the table and we're seeing a substantial drop and protecting the American people. On October 8, the Chinese government announced rare earth export controls on the entire world, not just the US. and which would have caused an industrial meltdown. President threatened 100% tariffs on China if they did this. My Chinese counterpart, who's been a very good interlocutor, had gone quiet for a couple of days. (13:08–13:16)
CLAIM
Asserts that China announced rare earth export controls globally on October 8.
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.
