Trump tariffs are currently causing widespread confusion as President Trump repeatedly claims that ongoing negotiations with China are happening daily, while Beijing officials strongly deny any talks whatsoever. The gold price has actually dropped below $3,300 as of Friday trading amid increasing market volatility and some ever-growing security risks for investors around the world.
JUST IN: 🇨🇳🇺🇸 China denies President Xi Jinping called President Trump as he claimed.
— Watcher.Guru (@WatcherGuru) April 28, 2025
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How Trump’s Statements & China Trade Talks Are Causing Market Chaos and Gold Price Drops
China Firmly Denies Trade Negotiations
Trump tariffs have created significant diplomatic tension over the past week as Chinese officials firmly and repeatedly reject any claims of ongoing talks between the two economic powers.
He Yadong, China’s Ministry of Commerce spokesperson, stated: “Any claims about the progress of China-U.S. trade negotiations are groundless as trying to catch the wind and have no factual basis.”
The Chinese embassy also emphasized in their recent statement: “China and the US have not conducted consultations or negotiations on tariffs, let alone reached any agreement.”
Trump Claims Talks Despite Contradictions
BASH: You said there are talks with China every day. Who are the talks with and at what level? Because the Chinese are saying that's not true
— Aaron Rupar (@atrupar) April 27, 2025
ROLLINS: Well, according to our team in Washington, the conversations are ongoing regarding multiples of trade pic.twitter.com/x68XJpSXzO
Despite China’s consistent denials, President Trump continues to insist that discussions about Trump tariffs are indeed happening on a regular basis, though details remain vague at this time.
Trump told reporters in the Oval Office last Thursday: “Well, they had a meeting this morning, so I can’t tell you. It doesn’t matter who ‘they’ is. We may reveal it later, but they had meetings this morning, and we’ve been meeting with China.”
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Gold Price Falls Amid Market Confusion
The contradictory statements about Trump tariffs have certainly contributed to increasing market volatility in recent days, with the gold price actually dropping below $3,300 during Friday’s trading session.
Filip Lagaart, financial analyst, noted in his assessment: “Traders look to be buying into the rumors that a trade deal between the US and China could come very soon, despite China coming out contradicting those rumors.”
China Sets Clear Conditions
Chinese officials have now established rather firm conditions regarding Trump tariffs and any potential negotiations that might happen in the future.
Guo Jiakun, Foreign Ministry spokesperson, summarized their position: “If you want to fight, we will fight to the end, if you want to talk, the door is open.”
The Chinese embassy further clarified in a recent statement: “If the US truly wishes to resolve issues through dialogue and negotiation, it must correct its mistakes, cease threats and blackmail, completely lift all unilateral tariff measures against China.”
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The continued confusion surrounding Trump tariffs has definitely created serious security risks for global markets while gold price movements currently reflect investor uncertainty about the actual state of US-China relations at this critical moment.