“Think of it, magnets. Now, all I know about magnets is this. Give me a glass of water. Let me drop it on the magnets. That’s the end of the magnets.”
“They have all magnetic elevators to lift up 25 planes at a time, 20 planes at a time. And instead of using hydraulic, like on tractors, that can handle anything from hurricanes to lightning to anything, they used magnets. It’s a new theory, magnets are going to lift the planes up, and it doesn’t work.”
“Let me ask you the second question. Hydraulic for your elevators, or magnets? You know, the new thing is magnets. So instead of using hydraulic that you can be hit by lightning and it’s fine, you take a little glass of water and you drop it on magnets, I don’t know what’s gonna happen.”
“President Xi was willing to do the rare earth thing, that’s magnets. Now, nobody knows what a magnet is. If you don’t have a magnet, you don’t make a car. You don’t make a computer. You don’t make televisions and radios and all the other things — you don’t make anything. Because of tariffs, I called, I said, ‘Listen, here’s the story. You’re going to play the magnet. I’m going to play the tariff on you."
“China was going to hit us with rare earth. Now, everybody says, ‘What does that mean?’ Magnets. If China refused to give magnets because they have a monopoly on magnets because they were allowed to — it happened over a 32-year period — there wouldn’t be a car made in the entire world, there wouldn’t be a radio, there wouldn’t be a television, there wouldn’t be internet, there wouldn’t be anything because magnets are such a part — Now, nobody knows what magnets are, and not overly sophisticated, but to build a magnet system would take two years.”