President Trump Says U.S. Needs More Magnets to Reduce Reliance on China in Defense Manufacturing

Trump asks contractors to ‘do magnets’ after his son invested in rare earth company

President Trump called for defense contractors to ‘do magnets’ repeatedly, insisting the US had the materials and the companies would make money

Trump plugs magnets during speech to defense contractors after Don Jr.-linked firm secures big contract

President Donald J. Trump hyped magnets during a speech amid controversy over a report that a company linked to his son got White House help to secure […]

President Trump Says U.S. Needs More Magnets to Reduce Reliance on China in Defense Manufacturing

Rare-earth magnets are used across defense manufacturing, including aircraft, missiles, radar systems and other electronic equipment

Trump Hopes to Attract Defense Contractors to ‘Do Magnets’

President Donald Trump is hoping to attract defense contractors to “do magnets.”The president made a pitch Wednesday at the Pennsylvania Defense & Innovation Summit, where audience included some of the country’s most dominant defense industry companies.The pitch came after “ProPublica” revealed a top White House aide intervened to help secure a $620 million Pentagon loan for a rare-earth magnet startup after Donald Trump Jr.’s venture capital fi…

Trump plugs magnets during speech to defense contractors after Don Jr.-linked firm secures big contract · American Wire News

President Donald J. Trump hyped magnets during a speech amid controversy over a report that a company linked to his son got White House help to secure a $620 million Defense Department loan for rare-earth magnet manufacturing. According to a recent investigative report from left-leaning ProPublica, Donald Trump Jr.’s venture capital firm took a stake in North Carolina-based Vulcan Elements before it scored the government funding, one of several …

'Do magnets!' Bizarre and rambling Trump rant baffles defense contractors

President Donald Trump, 80, really wants defense contractors to "do magnets," according to a new report.Trump delivered a rambling rant the Pennsylvania Defense & Innovation Summit on Wednesday that left attendees scratching their heads, the Daily Beast reported Thursday morning. “I hope you’re gonna do magnets," Trump reportedly said. "Somebody out there, I hope, you’re all brilliant people, magnets."According to the report, Trump praised the a…