A flag-raising ceremony was held on Wednesday morning at the Golden Bauhinia Square in the Hong Kong Special Administrative Region (SAR) to welcome the first day of 2025.
At 8:00, as China's national anthem resonated through the square, China's national flag and the flag of the Hong Kong SAR were hoisted to the top of the mast.
When the two red flags reached the top, enthusiastic applauses and cheers erupted from the crowd.
Hong Kong holds New Year's Day flag-raising ceremony
Hong Kong holds New Year's Day flag-raising ceremony
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
Trump imposes "reciprocal tariffs" amid widespread opposition
