The tariffs imposed by President Donald Trump have returned to the forefront of global economic discussions following the 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 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 expected decline in global growth to its lowest levels in decades, while analytical entities estimate that tariffs add an annual burden on American households that may exceed $1,200, with a real income drop of up to 8% in the long term. Amid increasing legal challenges to the legal basis for these tariffs, the U.S. administration is considering alternative options to ensure their continuity, which signals a potential reshaping of the international trade landscape once again. Analysts also expect a rise in prices for certain technological and consumer products, amid concerns of renewed inflationary pressures on global markets.
