New Delhi, July 11 -- Trade negotiations between the United States and China are moving slowly, raising the chances that the current tariff deadlines may be extended, according to a report by SBI Funds Management.

The report highlighted that the ongoing talks 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 the global capacity.

These rare earth materials are crucial for various industries, especially in electric vehicles, electronics, and clean energy.

China has already started placing curbs on the export of rare earths. The report mentioned that this move is beginning to affect ...