U.S. President Donald Trump said on Friday that Chinese President Xi Jinping had agreed to restart the flow of rare earth minerals and magnets to the United States.

"We are in a new era of asset vulnerability," said John Hemmings, the Council on Geostrategy's deputy director for geopolitics.

Taken together, the orders aim to boost struggling American drone makers, wean the U.S. off Chinese drones and defend the country against small aircraft that are playing increasin

China's yuan slipped against the dollar while falling to a near two-year low versus its major trading partners on Friday, as U.S. President Donald Trump and Chinese leader Xi Jinping held a much-anticipated call but left key issues that have stoked tensions between the world's two largest economies unresolved.

China sought to depict a call between Xi Jinping and President Trump as an appeal from one strongman leader to another to run a tight ship and stay on course.

The move would mark President Trump’s third extension, as he seeks to stave off enforcement of a law requiring that the app be banned in the U.S. or sold.

Amid talks with President Donald Trump about some form of agreement on its nuclear program, Iran is buying ballistic missile components from China. According to the Wall Street Journal, Iran has ordered enough ammonium perchlorate to fuel up to 800 ballistic missile from a Hong Kong-based company that is expected to reach Iran in the next few months.

Live updates and the latest news on the president's feud with Musk and Trump's call with China's Xi Jinping amid trade tensions between the two countries.