The tariffs imposed by US 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 US 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, as the World Bank noted a projected decline in global growth to its lowest levels in decades, while analytical entities estimated that the tariffs impose an annual burden on American households that could exceed $1,200, with a decrease in real income reaching 8% in the long term. Amid increasing legal challenges to the legal basis for these tariffs, the US administration is considering alternative options to ensure their continuity, which threatens to reshape the international trade landscape once again. Analysts also expect a rise in prices for some technological and consumer products, amid concerns of a return of inflationary pressures on global markets.