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Xi Jinping’s Visit to a Chinese Magnet Factory Hints at his Plan to Cripple U.S Tech and Defense Giants

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Chinese President, Xi Jinping has been planning to give a befitting reply to the US president’s step to raise tariffs to 25% on $200 billion worth of Chinese goods imports. Xi Jinping, along with its vice Premier Liu He, visited the factory of JL MAG Rare-Earth in Ganzhou city in eastern China. He inquired about the production process as well as the operations at JL MAG Rare-Earth, which specializes in magnetic rare-earth elements.

China, which is the highest producer of rare-earth elements, accounts for supplying about 90% of global production to the world. And the US has been dependent on the country for 80% of rare earth imports. There are many magnet companies in China which have been popular for supplying radial ring magnets and also custom magnets bulk orders. The US president Donal Trump raised the tariff on $200 billion Chinese imports from 10% to 25%. However, he didn’t impose any tariff on Chinese imports of rare-earth metals as the US depends on Chinese rare-earth elements industry for its tech and defense giants. Post Donald Trump’s move to raise the tariff, this is Xi Jinping’s first visit to JL MAG Rare-Earth factory.

Xi Jinping’s visit to the country’s rare-earths hints that the Chinese President is planning to give a setback to the US president by crippling the US tech and military giants. The year-long trade war between the US and China is the reason for Xi Jinping’s this move. About 17 rare metals which Chinese produce contribute to the development of the US’s tech, manufacturing, and military sector. All these rare earth metals including magnets are used in the production of a variety of products in the US. Some of the products are batteries, flame retardants, smartphones, electric cars, fighter jets, and so on.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

Custom Coffee Mugs are Becoming the Best Gift Option for People

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People have been choosing custom coffee mugs for giving gifts to their loved ones in order to express their gratitude and appreciation. It has been found in a global survey that custom coffee mugs have been becoming a popular choice for people to gift their favorite people on different occasions. Due to this, a lot of businesses offering custom coffee mug services have come into existence.

The popular reasons for the growing demand for custom coffee mugs are a high level of affordability, availability of variety, customization options, and ease to choose as a gift option. Coffee mugs are available in a wide number of varieties, shapes, sizes, and are made of different compositions. This has been a tempting factor for people to choose coffee mugs as a suitable option for offering as a gift to their loved ones.

A cute coffee mug can be customized as per the interests of recipients and one can use a name, picture as well as dedication quote for the customization of coffee mugs. And coffee mugs can be utilized for more than one purpose and one can use these items for different purposes depending on one’s interests. Another reason which makes coffee mugs a favorite choice for people is that it is easier to choose it as a gift as it doesn’t require any analysis of the interests as well as preferences of recipients. Since coffee mugs are affordable to give as a gift, people consider it as the easiest option to offer as a gift to their loved ones in order to appreciate or greet them on special occasions.

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