U.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world's biggest economies.

Yahoo Finance is chronicling the latest news and updates on Trump's tariffs.

U.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower…

China has agreed to fast-track approvals for the shipment of rare earth minerals to the United States and some European Union nations.