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“In summary, the effect of the 10-25% tariff proposal on rare earths and magnets will be as follows: 1. It will lead to increased prices of rare earth containing products in the USA a. Automobiles, Electronics, Consumer Appliances, Industrial tools, etc. 2. It will cause undue financial stress on intermediate suppliers / customers such as Polaris Rare Earth Materials, LLC. Polaris will be forced to curtail spending, and possibly reduce employment. 3. It will allow Polaris foreign competitors in Europe and Asia to gain market share in the USA at our expense.”