Despite the Chinese denial, rumors of tariff relief on American goods, particularly artificial intelligence chips, shook global markets. The price of gold sharply declined to $3,320 per ounce, while stock indices rose, led by the technology and industrial sectors, and the U.S. dollar recovered.

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.

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