On October 28, 2023, the joint statement between China and the United States indicated initial success in tariff negotiations. Although the progress seems promising, the United States has not announced a complete tariff strategy, and even the Federal Reserve Chair cannot predict the extent of the impact on the U.S. economy once the tariffs are officially implemented.

Currently, it is in a suspended state. Negotiations have yielded results, but that does not necessarily mean positive outcomes! The tariffs currently only represent the basic 10% tariff rate. If reciprocal tariffs are officially implemented, the impact will determine if the Federal Reserve considers market intervention based on the data. This means lowering interest rates! Therefore, the Federal Reserve's stance on tariffs is to wait for data and not make any expectations. Conan believes that the Federal Reserve will not easily lower interest rates; if they do, it would mean the economy is clearly in decline!