Despite the Chinese denial, rumors of easing tariffs on American goods, particularly artificial intelligence chips, shook 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 US dollar recovered.

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

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