The tariffs imposed by U.S. President Donald Trump have returned to the forefront of global economic discussions following the resumption of 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 ongoing tensions in the global trade landscape. Major economic institutions have warned about the cumulative effects of these policies, with the World Bank indicating a projected decline in global growth to its lowest level in decades, while analytical entities estimate that the tariffs impose an annual burden on American households that could exceed $1,200, with a real income drop of up to 8% in the long run. Amid increasing legal challenges against 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 certain technological and consumer products, amid concerns of a resurgence of inflationary pressure on global markets.