The tariffs imposed by former U.S. President Donald Trump have returned to the forefront of global economic discussions 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, the tariffs on key sectors such as semiconductors, aircraft, and pharmaceuticals remain in place, reflecting the ongoing tension in the global trade landscape. Major economic institutions have warned about the cumulative effects of these policies, with the World Bank indicating a forecasted 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 $1,200, along with a real income decline of up to 8% in the long term. Amid increasing legal challenges to the legal basis for these tariffs, the U.S. administration is exploring alternative options to ensure their continuity, which threatens to reshape the international trade landscape once again. Analysts also expect a rise in prices for certain technological and consumer products, amid concerns of a return to inflationary pressure on global markets.$BTC
