The customs duties imposed by President Donald Trump have returned to the forefront of 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 easing some U.S. restrictions on advanced technology. Despite this progress, the duties imposed 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 about 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 impose 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 to 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 scene once again. Analysts also expect a rise in prices for some technological and consumer products, amid concerns about a return of inflationary pressure on global markets.