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Why USA Rare Earth Stock Fell Today

TheMotleyFool

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Why USA Rare Earth Stock Fell Today: https://g.foolcdn.com/editorial/images/823211/neodymium-magnets.jpg

Shares of USA Rare Earth (NASDAQ: USAR) stock fell an unlucky 13% through 1:30 p.m. ET Friday. And why?

Well, last night President Trump announced the signing of a trade deal with China, and this morning, China's Ministry of Commerce confirmed the news, stating its intention to "approve export applications for items subject to export control rules," as CNBC just reported.

Image source: Getty Images.

Source Fool.com