President Donald Trump told reporters on Monday that China has to give the United States magnets or "we have to charge them 200% tariff or something" amid a trade dispute between the two nations. China is increasingly sensitive about rare earths and its control over supply,

The Trump administration’s tariff policies remain consistently in flux. On Monday, the president took aim at China for its continued export restrictions on seven rare earth minerals and magnets, despite a shaky trade truce extended earlier this month.

President Trump’s order continues a reprieve from the threat of escalating tariffs and export controls, which rocked the global economy earlier this year.