Slow US-China trade deal may push Trump’s tariff deadlines; rare earth metal supplies may face disruption: Report
Trade negotiations between the US and China are progressing slower than anticipated, potentially leading to extended tariff deadlines. Deadlock persists, with limited progress in finalizing a deal. China’s dominance in rare earth metal supply, controlling 90% of global capacity, poses a threat to the global automobile industry, particularly electric vehicle production.🕒 1 min read
Trade negotiations between the US and China are progressing slower than anticipated, potentially leading to extended tariff deadlines. Deadlock persists, with limited progress in finalizing a deal. China’s dominance in rare earth metal supply, controlling 90% of global capacity, poses a threat to the global automobile industry, particularly electric vehicle production.
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