Despite the Chinese denial, rumors of tariff relief 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 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 American statements appeared more lenient towards Beijing, boosting hopes for a trade agreement.

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