#TariffsPause Reduction of tariffs on American goods, led by artificial intelligence chips, in 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 conciliatory towards Beijing, boosting hopes for a trade agreement.

The fate of tariff revenues remains a contentious point, as analysts question.