The tariffs imposed by former U.S. President Donald Trump have returned to the forefront of global economic discussions following renewed trade negotiations between Washington and Beijing, which recently resulted in a temporary framework to ease restrictions on certain 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 of the cumulative effects of these policies, with the World Bank indicating an anticipated decline in global growth to its lowest levels in decades, while analytical agencies estimate that the tariffs impose an annual burden on American households that could exceed $1,200, along with a decrease in real income reaching.