KEY POINTS 
  • Trump threatened 200% tariffs on China if Beijing does not export rare-earth magnets to the U.S.
  • Trump also said that airplane parts were a key leverage that Washington has to counter Beijing's grip on rare earths.
  • "He's bluffing. He always talks big on tariffs or potential punishment, but we shouldn't get caught up in the rhetoric," said Henry Wang, founder and president of a Beijing-based think-tank.