The customs duties imposed by former US 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 certain strategic goods. The new agreement focuses on allowing the export of rare earth metals from China in exchange for the easing of some US restrictions on advanced technology. Despite this progress, the tariffs imposed on key sectors such as semiconductors, aircraft, and pharmaceuticals remain in place, reflecting ongoing tension in the global trade landscape. Major economic institutions have warned of the cumulative effects of these policies, with the World Bank indicating an expected 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 decrease in real income by up to 8% in the long term. Amid increasing legal challenges against the legal basis for these tariffs, the US administration is considering alternative options to ensure their continuity, which threatens to reshape the international trade scene once again. Analysts also expect a rise in the prices of certain technological and consumer products, amid concerns of a return of inflationary pressure on global markets.