#TrumpTariffs
The return of the tariffs imposed by President Donald Trump has come back 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 some strategic goods. The new agreement focuses on allowing the export of rare earth metals from China in exchange for easing some U.S. restrictions on advanced technology. Despite this progress, 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 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 the tariffs add an annual burden on American households that could exceed $1,200, with a long-term real income decline of up to 8%. Amid increasing legal challenges against the legal basis for these tariffs, the U.S. administration is exploring alternative options to ensure their continuity, signaling 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 a return of inflationary pressure on global markets.