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The tariffs imposed by former President Donald Trump have brought the global economic discussion back to the forefront following renewed trade negotiations between Washington and Beijing, which recently resulted in a preliminary 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 American restrictions on advanced technology. Despite this progress, the 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 pointing to an expected decline in global growth to its lowest levels in decades. Analysts estimate that the tariffs add an annual burden on American families that could exceed $1,200, with a decrease in real income of up to 8% in the long term. Amid increasing legal challenges against the legal basis for these tariffs, the U.S. administration is considering alternative options to ensure their continuity, which threatens to reshape the international trade landscape once again. Analysts also expect an increase in prices for certain technological and consumer products, amid concerns about a return of inflationary pressures on global markets.