After unconfirmed reports about China's intention to cancel tariffs on American goods, primarily:
- Technology chips related to artificial intelligence.
* These reports came despite China's denial of any negotiations with the American side, while the other party insists that channels of dialogue are open.
⚡ Markets reacted quickly:
- Gold prices fell to $3,320 per ounce.
- Meanwhile, stock indices rose, led by technology and industrial sectors.
- The US dollar began to recover some of its losses, showing a clear rebound after hitting a three-year low.
* In a related context, US monetary policy officials issued warnings about the effects of tariffs on the economy, particularly regarding inflation and employment.
* While some voices called for caution and reliance on data, others warned that uncertainty could lead to a freeze on investment decisions and an increase in unemployment rates.
- Simultaneous statements from the American side showed a tendency to tone down the confrontational rhetoric with Beijing, amid hopes for a "big deal" on the trade front.
* High customs duties remain a source of controversy:
- Are they sufficient to offset the cost of tax cuts, or will their inflationary effects outweigh their financial gains?
* Will rumors succeed in changing the course?