Agreement between US-China, America will impose 55% tariff on Chinese goods

US President Donald Trump has said that the United States will ensure access to magnets and rare earth minerals from China under a new agreement, as well as an increase in a significant tariff growth, increasing the duty on sugar imports by 55 percent. The move is taken amidst increasing global investigation of supplies related to China, especially important minerals, especially important minerals. The International Human Rights Group warned on Wednesday (June 11) that many global brands may be forcibly involved in labor practices through their supply chains, especially the supply chains connected to the Zinjiang region. The report highlights that many companies that make up the source of minerals or minerals based on those minerals may unknowingly support the support of human rights violations in remote-western China.

Rare soil minerals are essential components in high -tech industries including electronics, electric vehicles and military hardware. China is currently the world’s largest producer and exporter of these materials, making them a major strategic concern for the US. Trump’s declaration suggests a balance between increased economic pressure through increased tariffs on Beijing and securing important resources for American industries. However, human rights concerns related to Chinese supply chains are likely to intensify the demands of moral sourcing and strict monitoring.