UK Government announces new steel trade measures, effective July 1st. Reducing overall quota volumes by 51%. Any imports above would have a 50% tariff.

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German Deputy Defence Minister says they are well underway to achieve the 3.5% defence target

German Deputy Defence Minister Schmid says they are well underway on reaching the 3.5% defence spend target

UK Government announces new steel trade measures, effective July 1st. Reducing overall quota volumes by 51%. Any imports above would have a 50% tariff.

Hong Kong Exports YoY (May) Y/Y 40.8% (Prev. 42.9%)

Hong Kong Balance of Trade (May) -44.2B (Prev. -29.5B)

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