Comments by China's foreign ministry

  • No details to be provided on implementation of said tariffs
  • Some tariffs have already been implemented by customs

They're confirming now that they have implemented tariffs on some US goods, sparing us the back and forth that we saw from the state media report earlier.

Although they're not releasing any details of those tariffs just yet. It's making it difficult for the market to gauge how to react here as there is still a lack of clarity, but in essence that means it doesn't change the situation faced a couple of hours ago.