Wall Street thinks Trump will be forced to make a deal for China’s rare earth minerals

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• Wall Street is bullish on U.S. stocks this morning, with S&P 500 futures strongly up, premarket. Traders seem to think that Trump will eventually be forced to make a trade deal with China that keeps rare earth materials and AI chips flowing between the two.

S&P 500 futures are strongly up this morning after the index fell by 2.71% on Friday, when investors reacted with dismay to President Trump’s threat to impose a new set of 100% tariffs on China. The reversal in favor of optimism this morning suggests investors now think Trump will eventually chicken out and Washington and Beijing will come to a deal.