The tariffs imposed by former U.S. President Donald Trump have resurfaced in the 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 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 analysts estimate that the tariffs add an annual burden on American households that could exceed $1,200, with a long-term reduction in real income of up to 8%. 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 of certain technological and consumer products, amid concerns of a return to inflationary pressures on global markets
