The tariffs imposed by former President Donald Trump have returned to the forefront of global economic discussion following renewed trade negotiations between Washington and Beijing, which recently resulted in a temporary framework to ease restrictions on some strategic goods. The new agreement focuses on allowing the export of rare earth metals from China in exchange for easing some U.S. restrictions on advanced technology. Despite this progress, tariffs on key sectors such as semiconductors, aircraft, and pharmaceuticals remain in place, reflecting ongoing tensions in the global trade landscape. Major economic institutions have warned about the cumulative effects of these policies, with the World Bank indicating a projected decline in global growth to its lowest levels in decades, while analytical entities estimate that the tariffs impose an annual burden on American households that could exceed $1,200, with a real income drop of up to 8% in the long term. Amid increasing legal challenges against the legal basis for these tariffs, the U.S. administration is considering alternative options to ensure their continuity, signaling a potential reshaping of the international trade landscape once again. Analysts also expect an increase in prices for certain technological and consumer products, amidst concerns of a resurgence of inflationary pressure on global markets.

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