President Trump announced that President Xi Jinping has agreed to resume the flow of rare earth minerals and magnets to the United States, potentially easing trade tensions. This follows a recent call between the leaders and temporary export licenses granted to U.

US-China trade talks in London after a positive call with Xi Jinping, aiming to resolve ongoing disputes over tariffs and rare earth materials.

News of the call came as new data showed U.S. goods imports dropped significantly in April as sweeping tariffs rolled out.