A report from SBI Funds Management on Friday highlighted that trade negotiations between the United States and China are moving slowly; the slow process of trade negotiation might raise the chances of tariff deadlines being extended. The slow negotiation process between the two countries seems to be a major roadblock in the global trade circle.

The report by the financial institution highlighted that the ongoing talks between the two countries have once again hit a familiar deadlock, with both sides showing limited progress. A major concern in these discussions is China’s dominance in rare earth processing, an area where it controls 90 per cent of global capacity.

With China dominating the rare earth processing sector — which is crucial for various industries, especially electric vehicles, electronics, and clean energy — they are negotiating hard with the United States.
As reported by news agency ANI, China has already started placing curbs on the export of rare earths.