Advisors are telling him how important rare earths are and their importance in magnets. Since China has curtailed (if not halted?) exports, the rest of the world's industries are in rather deep shit.

This is where all the mumble-fucking about magnets is coming from. Trump's trying to say they're not important, they suck, we don't need them, in order to head off supply issues. Same reason he was telling our Navy that we should replace the magnetic plane and ordnance lifters and go back to steam power. No shit.

He also seems to think America can spin up our own rare earth supply, but acknowledges he basically begging and threatening Xi in the meantime.

Anyway, today's rant finally tied it all together for me.