Despite Chinese denials, rumors of tariff reductions on American goods, particularly artificial intelligence chips, have shaken global markets. The price of gold saw a sharp decline to $3,320 per ounce, while stock indices rose, led by the technology and industrial sectors, and the U.S. dollar recovered.63627755409

In contrast, U.S. monetary policy officials warned of the potential negative effects of tariffs on inflation and the labor market, while recent U.S. statements appeared more conciliatory towards Beijing, boosting hopes for a trade agreement.63627755409

The fate of tariff revenues remains a contentious issue, as analysts question whether they will be sufficient to offset tax cuts and their impact on inflation. Markets are cautiously awaiting developments on this thorny issue and whether these rumors will alter the course of trade relations between China and the United States.63627755409