The U.S. and China just struck a deal on rare earths. This is why it’s easing trade tensions.

Advanced ➔ Results The U

And China just struck a deal on rare earths

This is why it’s easing trade tensions

ETResizeNegotiators for Chinese President Xi Jinping (L) and President Donald Trump have reached an agreement that will allow rare earth exports to the U. , potentially easing tensions between the two trade superpowers

Photo: evgenia novozhenina/Agence France-Presse/Getty ImagesU

Stock futures were powering higher on Friday as China confirmed details of a trade deal that will allow rare earth exports to the U. , in a move that’s easing tensions between the two countries

The exports of critical minerals, or rare earths, have been a longstanding irritant in the U. -China relationship

Trade Representative Jamieson Greer said that Beijing had “restricted the flow of rare-earth magnets to us and other countries in the world. ” The materials are used in a variety of ducts, including automobiles and cellphones. the Author Robert SchroederRobert Schroeder is the Washington bureau chief for MarketWatch. him on X @mktwrobs

Terms of Use DPrivacy NoticeCookie Notice MarketWatchCustomer CenterNewsroom RosterVirtual Stock ExchangeMarketWatch GuidesCopyright PolicyManage NotificationsCancel My SubscriptionCompanyDow JonesCode of ConductCorrectionsRes & LicensingDigital Self ServiceYour Ad ChoicesCorporate SubscriptionsAccessibilityDow Jones NetworkThe Wall Street JournalBarron'sInvestor's DailyBigChartsFinancial News Londonrealtor

ComMansion GlobalDow Jones Smart MoneyIntraday Data vided by FACTSET and subject to terms of use

Historical and current end-of-day data vided by FACTSET

All quotes are in local exchange time

Real-time last sale data for U

Stock quotes reflect trades reported through Nasdaq only

Intraday data delayed at least 15 minutes or per exchange requirements.