Israeli Prime Minister Netanyahu said he occasionally disagrees with Trump.

Hong Kong Monetary Authority chief Eddie Yue said the HKMA will expand renminbi funding arrangements on July 10, adding 9-month, 2-year and 3-year tenors. He said the HKMA is studying a 7-day offshore renminbi liquidity tender mechanism and the possibility of issuing offshore renminbi short-term debt instruments.

KPMG survey of 275 manufacturers found 42 pct have shifted or are considering shifting production to the US to address persistent trade uncertainty and rising competitive pressure. 57 pct have delayed, reduced or cancelled capex citing trade uncertainty and competitiveness concerns. 80 pct plan to keep headquarters in Canada, but 11 pct intend to relocate HQ to the US within five years; manufacturing accounts for more than 10 pct of Canadian GDP, so even that share could have a material economic impact. Manufacturers remain highly dependent on the US market: 61 pct said they could not survive without US sales. 86 pct export outside Canada, and among exporters 96 pct say their products meet USMCA rules and thus avoid tariff exposure. The survey comes as USMCA-related discussions intensify. KPMG Canada industrial markets partner Anamika Gadia said government action on competitiveness, tax, regulation and trade will determine whether manufacturing investment remains in Canada.