#TariffsPause
Global markets are watching and analyzing ⚡🔥
* Following unconfirmed reports about China's intention to eliminate tariffs on American goods, primarily:
- Technology chips related to artificial intelligence.
* This news came despite China's denial of any negotiations with the American side, while the other side insists that channels of dialogue are open.
⚡ The markets reacted quickly:
- Gold prices fell to $3,320 per ounce.
- Meanwhile, stock indexes rose, led by the technology and industrial sectors.
- The US dollar began to recover some of its losses, showing a clear rebound after hitting a three-year low.
* In a related context, US monetary policy officials issued warnings about the effects of tariffs on the economy, particularly regarding inflation and employment.
* While some voices called for caution and reliance on data, others warned that uncertainty could lead to a freeze in investment decisions and increased unemployment rates.
- Simultaneous statements from the American side showed a tendency to soften the confrontational tone with Beijing, amid hopes of reaching a "big deal" on the trade front.
* The high tariff revenues remain a source of controversy:
- Are they enough to offset the cost of tax cuts, or will their inflationary effects outweigh their financial gains?
* Will rumors succeed in changing the course?