Trump’s tariffs are now causing widespread confusion as President Trump has repeatedly argued that ongoing negotiations with China is happening every day, while Beijing officials have repeatedly argued that he has strongly denied consultations. Friday actually fell below $3,300 at trading Friday amid rising market volatility and increasing security risks for investors around the world.
How Trump’s statement and China’s trade talks are causing market disruption and drop in gold prices
China has firmly denied trade negotiations
Trump’s tariffs have created significant diplomatic tensions over the past week as Chinese officials have repeatedly rejected claims of ongoing consultations between the two economic forces.
Yadong, a spokesman for China’s Ministry of Commerce, said: “Assertions regarding the progress of China-US trade negotiations are unfounded as they try to catch the wind and are virtually unfounded.”
The Chinese Embassy also highlighted in a recent statement. “China and the US have not had any discussions or negotiations on tariffs, not to mention all agreements.”
Trump advocates consultation despite contradictions
Bash: You said there are consultations with China every day. Who is the meeting at what level? Because the Chinese say it’s not true
Rollins: The Washington team says there is a conversation going on about multiples of trade pic.twitter.com/x68xjpsxzo
– Aaron Rupal (@atrupar) April 27, 2025
Despite China’s consistent denial, President Trump continues to argue that debates about Trump’s tariffs are actually happening regularly, but details remain vague at this point.
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 it is. We may reveal it later, but they have a meeting this morning and we are meeting with China.”
Gold prices fall amid the market turmoil
Trump’s contradictory statements about tariffs certainly contributed to recent market volatility, with gold prices actually falling below $3,300 during Friday’s trading session.
Financial analyst Philip Laggart was pointed out in his assessment. “It appears that traders are buying into rumors that despite China’s conflict with these rumors, there is a possibility that a trade contract between the US and China could soon arrive.”
China has set clear terms
Chinese officials now have fairly solid terms on Trump’s tariffs and potential negotiations that could occur in the future.
Guo Zi-Kung, a spokesman for the Ministry of Foreign Affairs, summarised 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 made further clarification in a recent statement. “If the US wants to resolve issues through dialogue and negotiation, it must correct the mistakes, halt the threat, blackmail and lift all unilateral tariff measures against China in full.”
While the ongoing disruption surrounding Trump’s tariffs has created serious security risks for global markets, the movement in gold prices now reflects investors’ uncertainty regarding the actual state of US-China relations at this critical moment.
