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China
Shenzhen City in China's Guangdong Province issued offshore renminbi local government bonds in Hong Kong Thursday evening, the fourth time since 2021.
The issue size of the bonds stands at 7 billion yuan (around 980 million U.S. dollars), with maturities of two years, three years, five years and 10 years, and the bulk being social responsibility bonds, low-carbon-city-themed green bonds and sustainable development bonds.
Shenzhen issues local gov't bonds in Hong Kong
Amid widespread opposition, U.S. President Donald Trump on Wednesday signed two executive orders on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" and higher rates on certain trading partners.
Trump announced these tariffs in a speech in the White House Rose Garden, during which he also said a 25-percent tariff on cars and car parts imported into the U.S. will take effect on Thursday.
Many trading partners of the U.S. have previously expressed their opposition, saying that they will take countermeasures in response.
On Wednesday, President of the European Council Antonio Costa said the European Union must react in a "firm but smart manner" to the reciprocal tariffs.
"This is truly a major economic mistake for the United States and also for Europe and the entire world," Costa said.
Italian Prime Minister Giorgia Meloni said the introduction of new U.S. tariffs would have heavy repercussions for Italian producers, adding that she did not rule out "adequate responses" to defend Italian products.
While stating that the UK is engaging in constructive talks to reach a broader economic prosperity deal with the U.S., British Prime Minister Keir Starmer also said that the country is prepared for all possible scenarios and will not rule out any possibilities
Trump imposes "reciprocal tariffs" amid widespread opposition
