BEIJING—China’s exports of rare earth magnets to the United States rose more than 20 percent in May from the previous month to their highest since at least 2016, data released by the General Administration of Customs showed on June 25, as Beijing considers restricting shipments as part of a long-running trade row.
Rare earth magnets are widely used in medicine, consumer electronics and the military, although U.S. President Donald Trump in August last year signed a defense policy bill banning the purchase of rare earth magnets from China for the military in the 2019 fiscal year.
