Some third-party merchants who previously sold China-made goods during Amazon's premier July shopping event are sitting it out this year.

Amazon is seeking steep discounts from suppliers and setting tough terms to protect its margins, as the technology giant works to limit the damage from US President Donald Trumps

Amazon ‘s Prime Day is losing its luster among a critical group: sellers. Some third-party merchants who previously sold China-made goods during Amazon’s premiere July shopping event are sitting it out this year or reducing the amount of discounted merchandise they offer.

Gold fell on Tuesday as softening trade tensions between the U.S. and its trading partners dulled the metal's safe-haven appeal, while investors awaited U.S. economic data to assess the Federal Reserve's policy path.

Gold fell further from last week’s record high as easing trade tensions instill new risk appetite into global markets.

The dollar recouped some of its losses on Tuesday, supported by reports that the U.S. administration may ease planned tariffs, although investor caution lingered over whether a meaningful de-escalation in the U.

Beijing appears to be bedding in for a protracted battle with the US over tariffs. The Chinese government laid out policies Monday to aid its exporters affected by the trade war, including loan support for troubled firms and measures to further boost domestic consumption.

China on Monday said it was on the right side of history in its gruelling trade war with the United States. Recall that the US President Donald Trump, since returning to the presidency in January, has imposed 10 per cent tariffs on most US trading partners and a separate 145 per cent levy on many products from China.