#TrumpTariffs

Trade tensions between the U.S. and China are back in focus as both sides reached a temporary deal: China will export rare earth minerals, and the U.S. will ease some tech restrictions. While this marks progress, tariffs on major sectors like microchips, aircraft, and pharmaceuticals remain in place, keeping pressure on global trade. The World Bank warns that global growth may slow to its lowest in decades, and analysts estimate U.S. households could face over $1,200 in extra costs each year due to tariffs, with long-term income losses of up to 8%. Legal challenges are also mounting, prompting the Trump administration to explore new ways to maintain the tariffs. Meanwhile, prices for consumer goods and tech products are expected to rise, raising fears of renewed inflation. Despite some cooperation, deep economic and strategic divides remain, with the potential to reshape global trade in lasting ways.