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.

U.S. President Donald Trump said on Wednesday that China's President Xi Jinping was "extremely hard" to make a deal with. A senior White House official told CNBC earlier on Monday that Trump and Xi are likely to speak this week.