Trump says there is 'absolutely no need to rush' trade talks as US tariffs take effect

Trump is up and tweeting, so just be wary of that

The first tweet reads:

"Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S......."

Equities have moved lower as a result of the headlines here. S&P 500 futures had earlier pared losses to flat levels but is now down by 0.3% again.

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