Markets rose after the call on the notion that Trump would back down on the tariffs when they become too disruptive, but ended lower. “From an investor perspective in the short-term because there’s the view he will flip on his worst impulses,

President Donald Trump said U.S. and Chinese teams will meet shortly after he and Chinese leader Xi Jinping discussed trade in a phone call on Thursday, adding that there "should no longer be any questions" on rare earth products.