Reports are emerging on China's retaliatory measures

Plans 25% tariff on US soybeans

New tariffs to also impact autos, chemicals

Effective date for new tariffs to be announced at a later time

Reciprocal tariffs to amount to $50 billion of US goods

Also planning reciprocal 25% tariff on US aircrafts also

Reciprocal tariffs to also include US corn, cotton, some beef products

Also to include orange juice, wheat, certain plastic products, some tobacco products

There's your bit of headline risk. Yen pairs sent lower, with USD/JPY now at 106.31 to session lows.





The headlines are via China's CCTV. We are still awaiting the briefing later at 0830 GMT by China's government officials - which are more than likely to confirm the above.





but there's still aircrafts that they have yet to touch upon. Probably saving that for the next round . China is still keeping some "Trump" cards up their sleeves though. The soybeans tariffs are expected as highlighted here





Okay, scratch that. That sure didn't take long. Aircrafts now in the mix too.



