China premier Li: We are prepared to deal with uncertainties

• China's economy continues to be on an upward recovery trend
• We will push policies in a timely manner depending on what is called for by the situation
• Expanding domestic demand is a long-term strategy
• We need to implement more proactive macroeconomic policies

Most of his remarks are concerning domestic events, not so much about tariffs. I would say equities are taking things in stride for now with S&P 500 futures down by "only" 1.3%. But if we start to see yields blowing up again, I would expect another leg in this market rout as funding/credit concerns persist.