$BTC

The customs duties imposed by 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 easing some American restrictions on advanced technology. Despite this progress, the duties imposed on key sectors such as electronic chips, aircraft, and pharmaceuticals remain in place, reflecting the ongoing tensions 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 duties add an annual burden on American households that could exceed $1,200, with a long-term decline in real income reaching 8%. Amid increasing legal challenges against the legal basis for these duties, the U.S. administration is considering alternative options to ensure their continuity, which threatens to reshape the international trade landscape once again. Analysts also anticipate a rise in prices for certain technological and consumer products, amid concerns of a return of inflationary pressure on global markets.