trade

HENDERSON, Nev. — The Las Vegas Raiders said Baltimore has backed out of the trade that was supposed to send star pass rusher Maxx Crosby to the Ravens for two first-round draft picks.

The deal was agreed to last Friday but couldn’t be finalized until the start of the league year on Wednesday. The Raiders announced Tuesday that Baltimore backed out of the deal. The team said it had no further comment.

The trade was called off after Crosby didn’t pass his physical, according to multiple reports.

Crosby underwent surgery in January to repair a torn meniscus in his left knee and would have needed to pass a physical for the deal to be finalized. He missed the final two games of the season because the injury despite wanting to play through it at the time.

Crosby said on a recent appearance on “The Herd with Colin Cowherd” that he was “ahead of schedule” in his rehab.

The addition of Crosby was supposed to be the piece to help lift the Ravens over the top, with the draft picks expected to be part of a rebuilding effort for the Raiders.

The 28-year-old Crosby had 10 sacks and a career-high 28 tackles for loss last season, and has reached double- digit sacks four times in his seven seasons.

Baltimore, which has a first-year coach in Jesse Minter, is in a win-now mode with three-time All-Pro quarterback Lamar Jackson. Crosby would have been a significant boost for a defense that finished tied for 28th in the league in sacks with only 30 last season.

The Raiders own the No. 1 pick in the draft and are widely expected to select Indiana quarterback Fernando Mendoza. Las Vegas has been extremely aggressive at the start of free agency, agreeing to deals with several new players and agreeing to trade quarterback Geno Smith to the New York Jets, according to several people familiar with the moves who spoke on condition of anonymity because the deals can’t be finalized until Wednesday.

The biggest move the Raiders made was agreeing to a deal with three-time Pro Bowl center Tyler Linderbaum. He gets a three-year, $81 million contract with $60 million guaranteed to leave Baltimore and join Las Vegas.

The Rams believe cornerback Trent McDuffie can help them win another Super Bowl title.

And they are willing to pay the price.

On Sunday, less than a week after agreeing to a trade with the Kansas City Chiefs for McDuffie, the Rams and McDuffie agreed to terms on a contract extension that will make him the NFL’s highest-paid player at his position, a person with knowledge of the situation said. The person requested anonymity because the trade and extension will not become official until Wednesday when the NFL’s new league year begins.

But McDuffie’s four-year deal is worth $124 million, with $100 million guaranteed, according to ESPN, making McDuffie the highest-paid cornerback in NFL history.

The Rams are no strangers to making record-setting deals. Quarterback Jared Goff, running back Todd Gurley, defensive lineman Aaron Donald and cornerback Jalen Ramsey all made history with deals they signed as Rams.

McDuffie, 25, is entering the final year of his rookie contract after being selected by the Chiefs in the first round of the 2022 draft. The former Anaheim Servite and Bellflower St. John Bosco high star was an 2023 All-Pro who helped the Chiefs win two Super Bowls.

The Rams are sending a first-round pick — the 29th overall — and fifth- and sixth-round picks in this year’s draft and a 2027 seventh-round pick to the Chiefs in exchange for McDuffie.

The Rams have made multiple moves to retain and add players to a secondary that will be key next season and beyond for an organization that has gone all in to play in Super Bowl LXI at SoFi Stadium next February.

The Rams gave safety Quentin Lake an extension in January, traded for McDuffie and agreed to terms with safety Kam Curl on an extension.

On Saturday, the Rams put cornerback Darious Williams on the reserve/retired list.

Cornerbacks Cobie Durant, Roger McCreary, Ahkello Witherspoon and Derion Kendrick are pending free agents.

The negotiating period for representatives of unrestricted free agents to speak with other teams begins Monday.

Juraj Slafkovsky scored his second goal 49 seconds before he set up captain Nick Suzuki for the tiebreaker with 4:33 to play, leading the Montreal Canadiens’ rally for a 4-3 victory over the Kings on Saturday night.

Jake Evans also scored and Jakub Dobes made 35 saves for the Canadiens, who salvaged the final stop of their three-game California trip with a late surge led by their offensive stars.

Shortly after Slafkovsky tied it on Montreal’s only power play, Cole Caufield forced a turnover that went from Slafkovsky to Suzuki for a one-timer that slipped underneath Darcy Kuemper’s arm.

Montreal had its NHL-leading 20th comeback victory one night after making a late rally — and then blowing a lead — in a wild 6-5 shootout loss to the Ducks.

Alex Laferriere scored the tiebreaking goal early in the third period for the Kings, who have lost seven of nine — including two of three under interim head coach D.J. Smith.

Scott Laughton scored in his debut for the Kings, who acquired the center in a trade with Toronto on Friday. Kuemper stopped 19 shots.

Captain Anze Kopitar opened the scoring with his seventh goal late in the first period. The Kings’ 38-year-old captain, who is retiring this spring after 20 seasons with the Kings, ended his 21-game goal drought since Dec. 8.

Slafkovsky put Montreal ahead late in the second when he skated in off the boards. The 21-year-old Slovak’s first goal since January was also his 50th point, making him the first Canadiens player to record three 50-point seasons before turning 22.

The Kings didn’t take a penalty until Trevor Moore went off for slashing with 5:53 to play, but Slafkovsky tied it moments later.

Phillip Danault got a lukewarm reception during his first game in Los Angeles since the Kings traded him back to Montreal in December. Danault had four solid seasons for the Kings, but then played 30 goalless games this fall and reportedly requested an exit.

Up next for the Kings: at Columbus on Monday to open a five-game trip.

Published on
07/03/2026 – 8:00 GMT+1

France will push back against a European Commission plan to fast-track ratification of trade agreements by circulating only English-language versions during talks with EU governments and lawmakers, skipping translation into the bloc’s 24 official languages, according to several sources.

ADVERTISEMENT

ADVERTISEMENT

The slow ratification of the contentious EU–Mercosur trade deal has frustrated the Commission, which wants to accelerate negotiations and bring deals into force more quickly as it seeks new markets amid rising geopolitical tensions.

Translating the agreements into every official EU language can take months due to the legal scrubbing required before the ratification process begins. The EU executive has confirmed to Euronews that trade chief Maroš Šefčovič told EU trade ministers in February that the trade deal with India concluded on 27 January could serve as a test case for using English as the main language during ratification.

“We lost almost €300 billion by not having the Mercosur agreement in place since 2021, if it comes to the GDP, and more than €200 billion in export opportunities,” Šefčovič told journalists after meeting ministers on 20 February, adding that once negotiations end it can take up to 2.5 years before businesses can operate in partner countries.

“In today’s world, we cannot simply lose the time,” he said.

Šefčovič said the Commission would ensure the agreements are translated into all 24 official EU languages once published in the Official Journal, i.e. after ratification. He added the proposal was backed by at least seven member states at the meeting, though not all countries had time to speak.

French sources who spoke to Euronews were insistent that Paris would vigorously oppose the move to English-only agreements if necessary.

“As a matter of principle, we defend the use of all the languages of the Union, and in particular French, which is one of the EU’s working languages,” one official told Euronews.

‘Transparency, precision and understanding’

Language policy in the bloc’s institutions remains politically sensitive for countries such as France, whose language has declined sharply over the past decades as English massively dominates daily work in the European Union institutions – despite French, German and English being the three working languages.

“Switching entirely to English raises a legal and democratic issue, and the Commission is well aware of it,” an EU diplomat told Euronews.

On its website, the European Commission says linguistic diversity is essential and that the EU promotes multilingualism in its institutional work.

The bloc once even had a commissioner dedicated to multilingualism, though the portfolio was gradually merged with others and eventually disappeared.

“I have the impression that in some cases the Commission seizes the opportunity to push the idea that English has a superior status, and that the other official languages are translation languages that can come later,” Michele Gazzola, expert in language policy, said.

He added that relying only on English during ratification could pose problems for members of the European Parliament, and even more so if national parliaments are involved.

“It’s a matter of transparency, precision and understanding.”

March 6 (Asia Today) — China’s central bank governor said Thursday that Beijing has no intention of weakening the yuan to improve trade competitiveness, emphasizing confidence in the stability of the country’s currency.

Pan Gongsheng, governor of the People’s Bank of China, made the remarks during an economic press conference at the annual session of China’s National People’s Congress in Beijing.

Pan said recent movements in the yuan against the U.S. dollar were influenced by several factors, including China’s economic recovery, fluctuations in the U.S. dollar index and seasonal increases in corporate foreign exchange settlements.

“The current exchange rate of the yuan against the dollar remains within the mid-range seen in recent years,” Pan said. “China neither needs nor intends to gain trade competitiveness through currency depreciation.”

He added that the central bank plans to maintain an “appropriately accommodative” monetary policy in 2026, including the flexible use of tools such as reserve requirement ratio reductions and interest rate adjustments.

Demand for yuan-denominated financial instruments has continued to grow. The issuance of yuan-denominated bonds over the past 14 months reached about 1.365 trillion yuan ($200 billion), the highest level on record, according to financial market data.

Analysts say the increase reflects relatively low interest rates in China and the gradual expansion of yuan settlement in international transactions.

Offshore yuan bonds known as dim sum bonds have grown particularly quickly. About 103 billion yuan ($15 billion) worth have been issued so far this year, roughly double the amount recorded during the same period last year.

So-called panda bonds, which are yuan-denominated bonds issued in China by foreign companies, have also expanded, with 51.4 billion yuan ($7.5 billion) issued this year.

Overseas yuan lending reached 425 billion yuan ($62 billion) in 2025, the highest level on record.

Despite the growing use of the currency, analysts say the yuan still faces obstacles before it can rival the U.S. dollar as a major global reserve currency.

China’s leadership, including President Xi Jinping, has promoted the internationalization of the yuan as part of a broader effort to strengthen its role in global finance.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260306010001817

The Ducks bolstered their blueline Thursday night in anticipation of ending their long playoff drought, acquiring veteran defenseman John Carlson in a trade with the Washington Capitals.

In exchange for Carlson, the Ducks will send a conditional first-round pick (2026 or 2027 draft) and a third-round pick (2027) to Washington.

Carlson, who played an integral part of the Capitals’ 2018 Stanley Cup win and is a former Norris Trophy runner-up for the NHL’s top defenseman, should bring a veteran presence to a young Ducks team that is on pace to make the playoffs for the first time since 2017.

“John Carlson brings leadership, character, a high hockey IQ and a presence to our lineup,” Ducks general manager Pat Verbeek said in a statement. “We are very excited to add a Stanley Cup winner to complement our group and make a big push down the stretch.”

Set to become a free agent this offseason, Carlson had 10 goals and 46 points in 55 games with the Capitals this season. He led all Washington skaters in ice time, averaging more than 23 minutes per game.

Carlson, however, has not played since Feb. 5 because of a lower-body injury. It’s unclear when he might make his Ducks debut, but was practicing with the Capitals before the trade. When he does get into the lineup, he’ll join Jacob Trouba and Radko Gudas as part of a formidable right-side defensive trio for the Ducks.

In 1,143 career games over 17 seasons entirely with Washington, Carlson recorded 771 points (166 goals, 605 assists) — ranking him 24th all-time among NHL defensemen. He also had 78 points in 137 playoff games. A two-time All-Star, Carlson played for the U.S. at the 2014 Sochi Olympic Games and in the 2016 World Cup of Hockey. He also scored the winning goal for the U.S. in the 2010 World Junior Championship.

The Ducks are second in the Pacific Division and have won 13 of their last 16 games. They face the Montreal Canadiens on Friday and the St. Louis Blues on Sunday before embarking on a four-game Canadian road trip.

The Carlson deal was finalized roughly 14 hours before Friday’s NHL trade deadline at noon PST.

Rams playing ‘Let’s Make a Deal’

From Gary Klein: Les Snead, no stranger to blockbuster trades involving first-round picks, might be on the verge of doing it again.

On Wednesday, the Rams general manager appeared to be getting closer to addressing his team’s most pressing need by nearing a possible agreement with the Kansas City Chiefs to trade for cornerback Trent McDuffie, a person with knowledge of the situation said. The person requested anonymity because an agreement had not been finalized.

According to multiple reports, the Rams would send a first-round pick — the 29th overall — and fifth- and sixth-round picks in this year’s draft and 2027 seventh-round pick to the Chiefs in exchange for McDuffie.

McDuffie, 25, is a former Anaheim Servite and Bellflower St. John Bosco High star who was a first-round pick by the Chiefs in 2022. He was an All-Pro in 2023 and has three career interceptions. He is due to earn $13.6 million this season in the final year of his rookie contract.

The acquisition of McDuffie would strengthen a cornerback group that was often a liability last season. During four seasons with the Chiefs, McDuffie forced eight fumbles, three interceptions and broke up 34 passes.

Continue reading here

Struggling USC loses sixth in a row

Zoom Diallo scored a career-high 26 points, Hannes Steinbach added 22 with a career-best 24 rebounds, and Washington rolled past USC 91-72 on Wednesday night.

Washington took the lead for good with 12:31 remaining. A 13-0 run that started with 4:33 to play pushed the Huskies’ lead to 85-65 with about two minutes left. Diallo scored on a dunk and Nikola Dzepina added a three to end the surge.

The Huskies (15-15, 7-12 Big Ten) swept the season series against USC, and have won three of their last five. The Trojans (18-12, 7-12) have lost six straight and 11 of their last 17 games.

Alijah Arenas scored 19 points and Ezra Ausar had 17 for USC. Jacob Cofie and Jordan Marsh added 14 points apiece.

Continue reading here

USC box score

Big Ten standings

Opportunity is knocking for Alex Freeland

From Jack Vita: For 24-year-old Alex Freeland, the time is now.

After the switch-hitting middle infielder enjoyed a cup of coffee in the big leagues last season, he’s trying to break camp with the Dodgers and get increased playing time at second base with veteran Tommy Edman expected to be on the injured list as he works his way back from right ankle surgery.

Freeland, who played 29 games with the Dodgers last season, and second-year utility man Hyeseong Kim, who played 71 games and was on the postseason roster, are among those vying for playing time at the start of the season, with veteran Miguel Rojas and and nonroster invite Santiago Espinal also in the mix.

Kim, who started Cactus League games at second base and center field, recently departed for the World Baseball Classic as he competes for Team South Korea, opening a door for Freeland to get more reps in the heart of the Cactus League season.

“Opportunity is present, so I’m trying to make the most of it,” Freeland said. “It sucks that Tommy’s not ready and he won’t be ready for the beginning of the season. He’s a big part of this team, so I wish him a super speedy recovery and I hope that he gets out there as quickly as possible. But yeah, with Hyeseong being gone, I am getting more reps at second and short, so I’m just trying to make the most of them.”

Continue reading here

Lakers hope win sparks greatness

From Thuc Nhi Nguyen: A three-pointer clanked off the side of the backboard. Four players were whistled for technical fouls. Passes from the Lakers and the New Orleans Pelicans sailed out of bounds.

The errors added up to an ugly game. The result, however, was beautiful for the Lakers, who notched a 110-101 comeback win over the Pelicans on Tuesday night at Crypto.com Arena. They clawed back from an eight-point deficit in the fourth quarter to win their third consecutive game, showing the kind of resolve coach JJ Redick said he hasn’t seen since November when the Lakers started 15-4.

“Nights like this can change the trajectory for teams and players,” guard Marcus Smart said. “So hopefully this win and tonight, in the way, the fashion that we won it, kicks our confidence up.”

Here are three takeaways from the game:

Continue reading here

Clippers beat the Pacers

Kawhi Leonard scored 29 points, Bennedict Mathurin scored 23 on 8-for-11-shooting, and the Clippers won their third in a row, 130-107 over the Indiana Pacers on Wednesday night.

Brook Lopez had 17 points for the Clippers while Darius Garland had 12 in his first home game since being acquired in a trade from the Cleveland Cavaliers last month.

Pascal Siakam had 29 points in his return after sitting out three games with a left wrist sprain to lead Indiana, but the Pacers lost their seventh in a row and fell to the bottom of the Eastern Conference standings with a 15-47 record.

Continue reading here

Clippers box score

NBA standings

Ducks defeat Islanders

Cutter Gauthier scored twice in a span of just over three minutes in the first period, backup goalie Ville Husso stopped 42 shots and the Ducks beat the New York Islanders 5-1 on Wednesday night.

Beckett Sennecke, Ryan Poehling and Frank Vatrano also had goals to help the Ducks to their 13th win in 16 games.

David Rittich had 20 saves for the Islanders, who had their five-game winning streak snapped despite outshooting the Ducks 43-25. Anders Lee scored the 304th goal of his career, tying Clark Gillies for the fourth-most in franchise history.

Continue reading here

Ducks summary

NHL standings

Lou Holtz dies

Lou Holtz never met an opponent that couldn’t beat him. Somehow, he squeaked out nearly 250 wins and a national title while cementing himself both as one of the most lovable and unlikable characters in college football — a one-of-a-kind iconoclast in a profession brimming with originals.

The pint-sized motivator who restored greatness at Notre Dame and demanded it everywhere else he went died in Orlando, Fla., Notre Dame announced Wednesday. He was 89.

Spokeswoman Katy Lonergan said the family did not provide a cause of death.

“Notre Dame mourns the loss of Lou Holtz, a legendary football coach, a beloved member of the Notre Dame family and devoted husband, father and grandfather,” Notre Dame president Rev. Robert A. Dowd said in a statement.

Continue reading here

This day in sports history

1924 — Frank Carauna of Buffalo becomes the first to bowl two straight perfect 300 games. Carauna throws five strikes to open his third game, giving him 29 straight strikes.

1931 — WGL radio broadcasts the first game of the American Basketball League championship series. The Brooklyn Visitations beat the Fort Wayne Hoosiers 14-10 in the first pro basketball game to be broadcast live on radio.

1960 — Carol Heiss wins the ladies title at the World Figure Skating Championships in Vancouver.

1965 — Ernest Terrell wins the world heavyweight title with a unanimous 15-round decision over Eddie Machen in Chicago.

1973 — New York Yankee pitchers Fritz Peterson and Mike Kekich announce that they’ve swapped wives and children.

1981 — Scott Hamilton wins the men’s title at the World Figure Skating Championships held in Hartford, Conn.

1985 — Mike Bossy of the New York Islanders scores his 50th goal, becoming the first NHL player to score 50 goals in eight consecutive seasons.

2004 — Ottawa and Philadelphia combine for an NHL-record 419 penalty minutes, with the Flyers setting a single-team mark with 213. There are five consecutive brawls in the final two minutes, including one involving both goalies. The previous record for penalty minutes was 406 by the Minnesota North Stars and Boston Bruins in 1981. The Flyers beat the Senators 5-3.

2016 — Makai Mason scores 22 points to lead Yale to a 71-55 victory over Columbia, clinching the Bulldogs’ first NCAA Men’s Tournament bid since 1962. The Bulldogs shared the Ivy championship last year with Harvard, but lost the playoff game with the Crimson. The win ends the second longest NCAA drought of any team that has made the tournament previously.

2016 — Clemson beats Boston College 66-50, completing the Eagles’ winless regular season in Atlantic Coast Conference play. The Eagles (7-24, 0-18) are the first men’s ACC team to go winless in their conference regular-season games since Maryland went 0-14 in 1986-87. Worse, BC’s football team went 0-8 in league play, making the school the first in ACC history to go winless in both sports in the same academic year.

Compiled by the Associated Press

Until next time…

That concludes today’s newsletter. If you have any feedback, ideas for improvement or things you’d like to see, email me at houston.mitchell@latimes.com. To get this newsletter in your inbox, click here.

Les Snead, no stranger to blockbuster trades involving first-round picks, might be on the verge of doing it again.

On Wednesday, the Rams general manager appeared to be getting closer to addressing his team’s most pressing need by nearing a possible agreement with the Kansas City Chiefs to trade for cornerback Trent McDuffie, a person with knowledge of the situation said. The person requested anonymity because an agreement had not been finalized.

According to multiple reports, the Rams would send a first-round pick — the 29th overall — and fifth- and sixth-round picks in this year’s draft and 2027 seventh-round pick to the Chiefs in exchange for McDuffie.

McDuffie, 25, is a former Anaheim Servite and Bellflower St. John Bosco High star who was a first-round pick by the Chiefs in 2022. He was an All-Pro in 2023 and has three career interceptions. He is due to earn $13.6 million this season in the final year of his rookie contract.

On Tuesday, during a videoconference with reporters, Snead was asked about the secondary.

“At that point it’s figuring out, is there an All-Pro that you could add?” Snead said. “That could be nice, but if there’s not an All-Pro, is there a player out there that adds an edge based on what we’re trying to accomplish?”

The last time Snead traded a first-round pick for a cornerback was in 2019, when he sent two first-round picks and a fourth-round pick for Jalen Ramsey. Two years later — after trading Jared Goff and two-first round picks to the Detroit Lions for Matthew Stafford, the Rams won Super Bowl LVI at SoFi Stadium.

In 2018, Snead traded a fourth-round pick and a second-round pick in 2019 for Chiefs cornerback Marcus Peters, one of several major moves that helped the Rams advance to Super Bowl LIII.

Kansas City Chiefs cornerback Trent McDuffie plays against the Dallas Cowboys on Nov. 27.

(Matt Patterson / Associated Press)

The acquisition of McDuffie would strengthen a cornerback group that was often a liability last season. During four seasons with the Chiefs, McDuffie forced eight fumbles, three interceptions and broke up 34 passes.

Emmanuel Forbes Jr. is under contract, and the Rams must make a decision by May 1 whether to exercise a fifth-year option on the former 2023 first-round pick by the Washington Commanders.

Cornerbacks Cobie Durant and Roger McCreary and pending free agents, as are Ahkello Witherspoon and Derion Kendrick.

If terms are finalized, the trade would not become official until the start of the new league year on March 11. In addition, the Rams would have nine picks in this year’s draft, including the 13th overall selection they acquired in a 2025 draft-day trade with the Atlanta Falcons.

“We’re going to cut off all trade with Spain.” Donald Trump targeted Spain in an Oval Office tirade, complaining about Madrid’s refusal to let its bases be used for attacks on Iran. He also joined the German chancellor in saying Spain doesn’t spend enough on its military.

March 2 (UPI) — Canada and India agreed on several deals Monday including a 10-year nuclear energy deal and a goal to reach $50 billion in trade in the next five years.

The agreements were the result of Canadian Prime Minister Mark Carney’s visit with Indian Prime Minister Narendra Modi in Delhi, establishing what the two leaders called a “new partnership,” CBC reported.

“This is not merely the renewal of a relationship,” Carney said during a joint appearance with Modi. “It is the expansion of a valued partnership with new ambition, focus and foresight — a partnership between two confident countries charting our course for the future.”

Modi credited Carney for new cooperation between the two countries.

Diplomatic relations between Canada and India became strained in 2023 after former Canadian Prime Minister Justin Trudeau suggested India was linked to the assassination of Sikh separatist leader Hardeep Singh Nijjar near Vancouver, British Columbia. In the wake of the allegations, multiple Indian diplomats were expelled from Canada.

“This vision inspires us to move forward in every field. Unlocking the full potential of economic cooperation is our priority,” Modi said.

Carney said the two countries plan establish a free trade deal by the end of 2026 with the aim of taking the strain off U.S. tariffs, the BBC reported. The deal would ease tariffs between Canada and India.

Carney and Modi ultimately signed five memorandums of understanding, the CBC reported, including a $2.6 billion deal in which Canadian-based Cameco would supply about 22 million pounds of uranium to India for nuclear energy between 2027 and 2035.

Other deals focus on artificial intelligence, supercomputing, and semiconductors as well as plans to jointly host a renewable energy summit. Indian firm HCL Technologies plans to open two new AI centers in Canada and expand one in Vancouver, while OCT Therapies & Research plans to manufacture medicines in New Brunswick.

Caracas, February 28, 2026 (venezuelanalysis.com) – A group of trade unions and political organizations protested outside Venezuela’s Labor Ministry headquarters in Caracas on Thursday to urge salary increases and respect for labor rights.

A crowd of around 100 people held banners expressing multiple demands, including pegging wages to a cost-of-living index.

Eduardo Sánchez, president of the Central University of Venezuela (UCV) workers’ union, told reporters that it is urgent to adjust wages and protect working-class rights ahead of announced plans to reform the country’s labor law.

“The workers here today demand an increase in their wages, not through bonuses,” he said. “We are also calling for the repeal of the Onapre and 2792 memoranda,” he added, in reference to policies implemented in 2022 and 2018, respectively, which flattened wage scales and froze a number of collective bargaining rights.

Sánchez also denounced a social media campaign “paid for by the business sector” with the purpose of “demonizing” workers’ benefits and social security.

The groups present at the rally delivered a 17-point petition addressed to Labor Minister Eduardo Piñate.

Venezuela’s monthly minimum wage was set at 130 bolívars (BsD) in March 2022 and has not been adjusted since. At the time, 130 BsD amounted to around US $30 at the time, but with the Venezuelan currency’s devaluation, it is now equivalent to $0.31.

In recent years, with the Venezuelan economy heavily battered by US sanctions, the Nicolás Maduro government has prioritized non-wage bonuses as the main income source for workers and pensioners. Public sector employees have a monthly income floor of $160 from a combined $120 economic war bonus and a $40 food bonus. They are paid in bolívars at the official exchange rate.

Public sector retirees and pensioners receive $70 and $50 economic war bonuses, respectively.

Trade unions have denounced the bonus-over-salary policies for being tailored to private sector interests, since they drastically reduce employer obligations, including social security contributions, vacation pay, severance, and other benefits. 

In 2023, a group of Chavista organizations delivered a constitutional appeal before the Venezuelan Supreme Court, arguing that under Venezuelan labor law bonuses must be considered as salaries with all their implications. However, the petition received no answer from the country’s highest judicial body.

Thursday also saw activists and trade unionists hold demonstrations outside regional Labor Ministry offices in 14 Venezuelan states.

Arvilio Hidalgo, secretary general of the CUTEC trade union in Carabobo state, called on the government to “restore the infringed-upon rights of the working class.”

“Our struggle right now is to restore the minimum wage and social security,” he stated. “We are also calling for the release of workers and trade unionists who were arrested for defending labor rights.”

In recent years, trade unions and human rights groups have denounced dozens of arrests of labor leaders, claiming that they were targeted for upholding collective bargaining rights or opposing corruption in the public sector and state-owned companies. Several trade union representatives have been released in past days following the approval of the Amnesty Law.

The labor organizations that rallied on Thursday announced a new protest on March 12.

In recent months, Venezuelan authorities have announced plans to develop a “new labor model” and engaged in consultation processes with pro-government trade unions.

The country’s main business lobby, FEDECÁMARAS, has openly voiced support for an overhaul of labor legislation reform that cuts down on benefits and other employer responsibilities.

One of the core legacies of the Hugo Chávez administration, Venezuela’s Organic Law of Labor and Workers (LOTTT) was hailed as the “most advanced labour law in the world.” The historic 2012 law prohibits unfair dismissal and outsourcing, enshrines the world’s third longest maternity leave, guarantees the right to work for both women and people with disabilities, and extends retirement pensions to all workers, including full-time mothers and the self-employed.

Canadian Prime Minister Mark Carney arrives in Mumbai on his first official visit to India seeking to reset strained relations and advance an ambitious trade agenda designed to reduce Canada’s dependence on the United States.

The visit marks a significant recalibration in Ottawa’s foreign policy. After years of diplomatic friction under Justin Trudeau, Carney is positioning Canada as a pragmatic middle power, intent on diversifying alliances and building new trade corridors with fast-growing economies.

From Mumbai, Carney will travel to New Delhi for talks with Indian Prime Minister Narendra Modi, with negotiations expected to accelerate toward a comprehensive trade agreement that Canadian officials hope to conclude by November.

Repairing a Fractured Relationship

Canada–India relations deteriorated sharply after Trudeau publicly alleged that Indian agents were linked to the assassination of a Canadian citizen associated with Sikh separatism. New Delhi strongly denied the accusation, and diplomatic ties cooled considerably.

Carney’s itinerary reflects a deliberate attempt to lower political temperatures. Unlike previous Canadian leaders, he will not visit Punjab, a state central to India’s Sikh population and a major source of immigration to Canada. Sikh separatist activism has long been a sensitive issue in bilateral relations, and avoiding the region signals Ottawa’s intent to keep the focus on trade and investment rather than diaspora politics.

This shift has drawn criticism from some Sikh organizations in Canada, which argue that Ottawa risks sidelining concerns about foreign interference. However, Carney’s government insists domestic security remains non-negotiable while economic engagement proceeds.

Trade as Strategic Rebalancing

The India trip forms part of a broader diplomatic tour that includes Australia and Japan — countries Carney views as fellow “middle powers” capable of shaping a more diversified global trading system.

The strategy is driven by two pressures.

First, Canada’s economic dependence on the United States leaves it exposed to protectionist policies, including tariffs and threats to trade access. Second, global supply chains are being reshaped by geopolitical rivalry, creating opportunities for countries that can act as connectors rather than competitors.

India, now the world’s most populous nation and one of its fastest-growing major economies, represents both a vast consumer market and a strategic counterweight in global trade realignments.

Reports suggest negotiations may include a long-term uranium supply agreement worth billions of Canadian dollars, alongside cooperation in oil and gas, artificial intelligence, quantum computing, education and environmental technology. Such sectoral diversification would deepen economic interdependence beyond traditional commodities.

The momentum is reinforced by the European Union’s recent trade deal with India, which has raised expectations that New Delhi is increasingly open to structured economic partnerships with Western economies.

A Style Contrast With the Trudeau Era

Carney’s approach also signals stylistic change. Trudeau’s 2018 India visit drew criticism for perceived overemphasis on symbolic gestures and cultural theatrics, which some observers argued distracted from substantive negotiations.

Carney, a former central banker, projects a more restrained and technocratic image. Business leaders describe the trip as tightly focused on capital flows, market access and long-term economic sovereignty rather than domestic political optics.

This repositioning aligns with Carney’s broader message that Canada must adapt to what he calls a reordered global economy one less dominated by a single superpower and more defined by regional blocs and mid-sized powers coordinating strategically.

The “Middle Powers” Doctrine

Carney’s Davos speech earlier this year laid out the intellectual framework for this pivot: a coalition of middle powers pursuing “principled and pragmatic” cooperation to hedge against great-power volatility.

India fits squarely into that concept. It maintains strategic autonomy, balancing relations with the United States, Europe, Russia and the Global South. Canada hopes to mirror that flexibility while leveraging its strengths in energy, natural resources, finance and advanced technology.

After India, Carney’s stops in Australia and Japan underscore the Indo-Pacific tilt of Canada’s strategy. Together, these engagements suggest Ottawa is prioritizing economic resilience over ideological alignment.

Can Trade Override Political Tensions?

The key question is whether economic pragmatism can overcome lingering distrust.

India remains sensitive about Sikh separatist activism in Canada. Canadian authorities remain concerned about allegations of foreign interference. These issues are unlikely to disappear entirely.

However, both governments appear motivated by economic incentives. Canada seeks market diversification and foreign investment. India seeks reliable energy supplies, advanced technology partnerships and expanded global trade networks.

If negotiations proceed smoothly, Carney’s visit could mark a turning point not a full reconciliation, but a reset grounded in mutual economic interest rather than political grievance.

In an era of fragmented globalization, Ottawa is betting that strategic trade partnerships with rising powers like India can secure both growth and autonomy. Whether that bet pays off will depend on how effectively Canada balances principle with pragmatism in one of its most complex bilateral relationships.

With information from Reuters.

The Ecuadorian government has declared that it will significantly raise tariffs on imports from Colombia, increasing the rate from 30 percent to 50 percent starting March 1.

The decision, announced on Thursday, represents a major escalation in the intensifying trade and security dispute between the two neighbouring Andean countries.

Ecuador’s right-wing president, Daniel Noboa, has been pressuring his left-wing counterpart in Colombia, Gustavo Petro, to crack down on border security.

Since the start of the COVID-19 pandemic in 2020, Ecuador has seen a surge in violence linked to the expansion of organised crime in the country.

Noboa, echoing President Donald Trump in the United States, has blamed Petro for not acting aggressively enough to combat narcotics trafficking. Colombia has, for many years, been the world’s largest source of cocaine.

And like Trump, Noboa has increasingly relied on tariffs against Colombia to force adherence to Ecuador’s national security strategy.

His government has accused Petro’s of failing to cooperate with border security measures. The two countries both sit on the Pacific coast, and they share a land border that stretches roughly 586 kilometres, or 364 miles.

Questions about electricity

Thursday’s announcement follows an initial 30 percent tariff imposed by Quito in early February.

Ecuadorian officials have also justified the protectionist measures by citing a growing trade deficit.

According to the Observatory of Economic Complexity, a data analysis firm, nearly 4 percent of Colombian exports go to Ecuador, worth roughly $2.13bn. Ecuador imports significant quantities of medicines and pesticides from Colombia.

Fewer exports go from Ecuador to Colombia, though. Roughly 2.3 percent of Ecuador’s exports abroad go across the shared border, amounting to a value of $863m.

Ecuador’s trade deficit with Colombia sits at roughly $1.03bn through 2025, according to government data, excluding oil.

But in spite of the anticipated tariff hike, it is unclear whether Ecuador will apply the new tariffs to Colombian electricity — a critical resource for the country.

In a retaliatory move following the initial tariffs, Colombia suspended all energy sales to its neighbour.

That suspension risks fuelling tensions in Ecuador against Noboa’s government. Recent droughts have created disruptions to Ecuador’s hydroelectric dams, which provide nearly 70 percent of the country’s power.

Those disruptions have caused widespread power outages in recent years, which in turn have prompted antigovernment protests. In the past, Noboa has responded by buying electricity from Colombia.

Pipeline standoff

The transportation of fossil fuels has also become a flashpoint between Ecuador and Colombia in the aftermath of February’s tariffs.

Noboa’s government has hiked fees for Colombian crude delivered through the Trans-Ecuadorian System Oil Pipeline (SOTE) by 900 percent.

That raises the cost to approximately $30 per barrel. Colombia has responded by halting all oil shipments through the line.

Despite high-level diplomatic efforts, tensions between the neighbouring countries remain at an impasse.

Officials representing foreign policy and security held a meeting this month in Ecuador, but the gathering concluded without a breakthrough.

In announcing the latest tariff hike, Ecuador’s Ministry of Production and Foreign Trade levelled criticism at Colombia for failing to implement “concrete and effective” measures to curb drug trafficking along the border.

Once considered a bastion of stability, Ecuador has seen a spike in homicide and other violent crimes.

According to the Geneva-based Organized Crime Observatory, the Andean nation recorded a homicide rate of approximately one murder every hour last year.

Feb. 26 (UPI) — Ecuador’s government said Thursday it will raise tariffs on imports from Colombia to 50% from 30%, effective Sunday, as tensions escalate over border security, trade and anti-narcotics cooperation between the neighboring Andean countries.

Ecuador’s Ministry of Production, Foreign Trade, Investments and Fisheries said in a statement the tariff increase follows what it described as Colombia’s “lack of implementation of concrete and effective measures” to improve security along their shared border and combat drug trafficking.

“This decision responds to national security criteria, to strengthen shared responsibility in a task that must be joint: confronting the presence of drug trafficking at the border,” the ministry said, according to Ecuadorian outlet Primicias.

Authorities have focused on sensitive border crossings, such as Rumichaca, a major commercial transit point where officials cite heightened risks of smuggling and organized crime.

The announcement came one day after Ecuadorian Foreign Minister Gabriela Sommerfeld said the government “maintains dialogue” with Colombia through diplomatic channels, including embassies and direct contacts between officials.

Analysts cited by Ecuadorian newspaper La Prensa said the tariff hike may serve as diplomatic pressure to advance a bilateral security agreement aimed at addressing cross-border crime while stabilizing trade relations.

Trade tensions began early earlier this year when President Daniel Noboa’s administration imposed a 30% tariff on Colombian goods. Officials framed the move as necessary to protect Ecuador’s trade balance and economic security.

Colombia responded with reciprocal measures. Authorities in Bogotá this week began to apply a 30% tariff to 23 categories of Ecuadorian agricultural, food and industrial goods, according to Colombian newspaper El Colombiano.

The dispute has expanded beyond tariffs. Colombia has suspended electricity exports to Ecuador, while Quito has increased fees for transporting Colombian crude oil through its pipeline system — moves that signal broader strain in bilateral economic ties.

Colombian President Gustavo Petro’s government also filed complaints with the Andean Community, a regional trade bloc, arguing Ecuador’s tariffs violate existing free trade commitments.

Economic impacts already are emerging in sectors such as border commerce, energy and oil production in Colombia’s Putumayo region. Colombia’s National Association of Financial Institutions warned costs for both economies could become significant if the dispute persists.

According to Ecuador’s Federation of Exporters, about $273 million a year in exports could be at risk if Colombia maintains its reciprocal 30% tariff. The group said roughly 580 Ecuadorian companies export to Colombia.

For some firms, up to half of their revenue depends on that market, raising concerns about potential economic fallout if tensions continue.

Narendra Modi’s visit to Israel has drawn criticism at home amid tensions over Israel’s genocidal war on Gaza.

Prime Minister Narendra Modi says India and Israel will collaborate more closely on defence technology while pursuing a free trade agreement, as he wrapped up a controversial two-day visit.

Modi and his Israeli counterpart Benjamin Netanyahu said at a joint news conference in Jerusalem on Thursday that they would also foster collaboration on technologies, such as artificial intelligence and cybersecurity, as their countries concluded more than a dozen bilateral agreements.

“The future belongs to those who innovate and Israel and India are bent on innovation,” said Netanyahu. “We’re proud ancient civilisations, very proud of our past. But absolutely determined to seize the future, and we can do it better together.”

A joint statement highlighted cooperation in the field of “horizon scanning”, describing it as a mechanism that “helps identify emerging global trends in areas like technology, economy and society, by leveraging data”.

Israel also agreed to allow 50,000 more Indian nationals into the country, where tens of thousands of South Asians have filled construction and caregiving jobs since new restrictions were placed on Palestinian workers at the start of its war on Gaza.

Strategic embrace

Modi’s visit, his second since he took office in 2014, has drawn criticism at home, signalling an ongoing expansion of India’s strategic embrace of Israel amid ongoing tensions over Israel’s genocidal war against Palestinians in Gaza, which has killed more than 72,000 people.

Confirming their growing ties, the leaders’ joint statement referenced the Hamas-led attack on Israel on October 7, 2023, and an April 2025 attack on tourists and civilians in Pahalgam, in Indian-controlled Kashmir.

“Terrorism cannot be accepted in any form or expression,” said Modi, who has historically supported the establishment of a Palestinian state yet has sometimes abstained from criticism of Israel in international forums, including the United Nations.

Earlier this month, India was among the countries that condemned Israeli measures to effectively deepen its control over the occupied West Bank.

Both countries also lauded United States President Donald Trump’s plan to advance the “ceasefire” in the Gaza Strip.

Tariffs: The most beautiful word in the dictionary, as Donald Trump says, or unlawful?
The Supreme Court has ruled that the president cannot use emergency powers to impose them.
It’s a significant check on his power and a major setback to his second-term agenda.
But despite the ruling, Trump has already found new ways to keep his trade barriers in place.
Tariffs remain central to his economic policy, both to boost US manufacturing and generate revenue.
The court may have disarmed one of Trump’s trade weapons, but the turn towards protectionism is far from over.

German Chancellor visits eastern city, home to AI firm DeepSeek and e-commerce giant Alibaba, with business leaders.

German Chancellor Friedrich Merz has arrived in the tech hub of Hangzhou on the second day of his first official trip to China, flanked by a delegation of business leaders seeking contracts in the eastern city.

Merz travelled from Beijing to the city of some 12 million people on Thursday, where he was due to tour some leading companies, including Germany’s Siemens Energy and Unitree, a Chinese firm producing humanoid robots.

Hangzhou is a major hub in China’s tech sector, home to giants, including artificial intelligence company DeepSeek and e-commerce platform Alibaba.

Before leaving Beijing, Merz, who is being accompanied by a delegation, including executives of German car giants Volkswagen, BMW and Mercedes, visited a Mercedes plant in the Chinese capital where he tested a self-driving vehicle.

‘Improved’ trade relationship sought

Merz’s trip to China, which became Germany’s largest trading partner last year, seeks to deepen decades-old economic ties with the world’s second-largest economy in the wake of tariffs imposed by the United States last year.

But he has also sought to address “challenges” in the relationship, most notably tackling the massive imbalance which saw Germany’s trade deficit with China hit a record 89 billion euros ($105bn) last year, fuelling complaints from German businesses that Chinese competitors are flooding the market with cheaper goods.

In a meeting with Chinese Premier Li Qiang in Beijing on Wednesday, before he met Chinese President Xi Jinping, Merz said he wanted “to improve and make fair” the cooperation between the countries.

Following the talks with Xi and top Chinese leaders, Merz said China had agreed to buy up to 120 Airbus aircraft, and said other contracts were in the pipeline.

The two leaders stressed their commitment to developing closer strategic relations, with Xi telling Merz he was willing to take relations to “new levels”.

Ukraine, Taiwan discussed

The talks between Xi and Merz also touched on geopolitical issues, with the German leader saying any “reunification” with Taiwan, the self-ruled island China claims as its territory, must be done peacefully.

Merz also told reporters that he asked the Chinese government to use its influence with Russia to help end the war in Ukraine, amid frustrations among European leaders that Beijing was not doing enough to bring the war to an end.

“We know that signals from Beijing are taken very seriously in Moscow,” Merz said.

Following the meeting, the two countries released a joint statement saying they supported efforts to achieve a ceasefire and lasting peace in Ukraine, emphasising the importance of fair competition and mutual market access, and committing to resolving any concerns through dialogue, Chinese state media reported.

Merz is the latest in a string of Western leaders to visit Beijing in recent months, including the United Kingdom Prime Minister Keir Starmer, French President Emmanuel Macron and Canadian PM Mark Carney, amid the fallout from the Trump administration’s tariffs on long-established trade partners.

Feb. 25 (UPI) — The Supreme Court‘s ruling to limit President Donald Trump‘s use of emergency powers to impose tariffs is forcing the administration to look to different statutory authorities to carry out its trade policy.

On Friday, the Supreme Court ruled that the president could not use the International Emergency Economic Powers Act to generate revenue through tariffs. While this caused Trump to seek another avenue to impose tariffs, landing on a global 15% rate through Section 122 of the Trade Act of 1974, his plans to use tariffs to negotiate trade deals have not changed.

The decision impacts a great deal of the tariffs Trump has enacted during his second term, Purba Mukerji, professor of economics at Connecticut College, told UPI. She said he has been using the IEEPA to give himself “flexibility” in trade negotiations since returning to the White House.

Trump expressed disappointment in the high court’s decision on Friday but Mukerji said it was expected by economists and is unlikely to disrupt the president’s broader economic policy. Tariffs on steel and aluminum, as well as those that target certain sectors, are likely to remain in place.

U.S. markets have not strongly reacted to the Supreme Court ruling in either direction. The Dow Jones Industrial Average fell by less than a point on Monday, only to rebound on Tuesday. The S&P 500 followed a similar path.

The yield on 10-year U.S. Treasury notes has reflected some uncertainty, though concerns about AI displacing workers, global tensions and broader trade concerns may be factors as well.

“For the business leaders who make decisions, for importers and exporters and foreign countries that are dealing with us in their trade negotiations, this is not a surprise,” Mukerji said. “So I don’t think there will be any long-lasting consequences of this particular Supreme Court ruling, except to put the whole trade negotiations and trade policy on much firmer footing.”

Consumers hoping to see prices come down are unlikely to see significant changes from the ruling either, Mukerji added.

“As far as consumer prices go, I am encouraged by the fact that we didn’t see the rise in consumer prices that was expected in all sectors coming out of tariffs,” she said. “I don’t expect that to be coming down in the future. I don’t think much will change on the ground.”

A study by the Federal Reserve Bank of New York published earlier this month reports that 94% of Trump’s tariffs imposed last year were paid by U.S. entities and consumers during the first eight months of 2025.

U.S. Customs and Border Protection reported in December that it had collected $200 billion in tariff revenue. The largest portion of tariffs collected was on imports from China, a report by the Federal Reserve Bank of Richmond said. The report is based on data from the U.S. Treasury Department and Census Bureau.

We Pay The Tariffs, a coalition of more than 800 small businesses, is circulating a petition to call for the federal government to refund businesses due to the tariffs being ruled unlawful.

“A legal victory is meaningless without actual relief for the businesses that paid these tariffs,” Dan Anthony, executive director of the organization, said in a statement. “The administration’s only responsible course of action now is to establish a fast, efficient and automatic refund process that returns tariff money to the businesses that paid it.”

It remains unclear what will happen to the revenue the court ruled has been unlawfully collected. The Supreme Court did not address refunds for tariffs paid.

Mukerji said reimbursing collected tariffs poses some practical challenges. She explained that while the United States maintains a database of who has paid what tariffs, it often shows a delivery company, like FedEx, as the entity that made the payment, not the importer who in reality incurred the costs.

“So you kind of have to reimburse FedEx, who then turns around and reimburses the importer,” she said. “That is a mess because then we depend on the account keeping, say by FedEx, so it becomes more complicated there.”

There is also a matter of fairness as some wholesalers pass the costs of tariffs on to retailers, who then pass them on to consumers, Mukerji said.

Following the court’s decision, U.S. Treasury Secretary Scott Bessent said the Trump administration will look to Section 122, as well as Section 301 of the Trade Act and Section 232 of the Trade Expansion Act of 1962 tariff authorities to pursue “virtually unchanged tariff revenue” this year.

These statutes notably do not require congressional approval to impose tariffs like the Supreme Court affirmed the IEEPA did.

Section 122 gives the president the authority to impose a maximum 15% tariff for up to 150 days. Tariffs imposed under this authority would remain in effect into July at the latest.

Section 301 of the Trade Act gives the president the authority to impose tariffs in response to unfair trade practices, theft of intellectual property and discriminatory policies by trade partners. An investigation by the Office of the U.S. Trade Representative must be completed to determine if there is a violation and allow for the use of Section 301 authority.

Trump’s broad tariffs on China were issued in 2018 under the authority of Section 301.

Section 232 of the Trade Expansion Act allows the president to impose tariffs and other trade restrictions on imports if they are determined to threaten national security. This must be preceded by an investigation by the Commerce Department into the potential of a threat.

Trump used Section 232 to place tariffs on steel and aluminum during his first term.

While President Joe Biden peeled back on many of Trump’s policies when he came into office, he kept some trade policies like these largely intact and reinforced them through investigations.

For Section 301 tariffs, Biden allowed the required four-year review to continue throughout his term, ultimately raising tariffs on electric vehicles from China as well as some semiconductors, critical minerals and other sectors.

For Section 232 tariffs, Biden kept Trump’s tariff framework largely in place and continued to use the national security justification to keep tariffs as a point of negotiations.

“Biden actually made them stronger,” Mukerji said. “Most of them continued under Biden and they were extended and made even stronger. So these trade policies now have the strength of a solid foundation. These stand on the shoulders of investigations so they have this lasting power.”

The Supreme Court’s decision has caused some ongoing negotiations to shift or pause.

Earlier this week, a planned meeting with India’s Prime Minister Narendra Modi in Washington, D.C., was put on hold. The sides were planning to meet for three days to discuss an interim trade deal that would likely go into effect in April.

The European Union’s parliament canceled a vote to ratify a trade deal with the United States on Monday in response to the Supreme Court decision and Trump’s subsequent new tariffs.

“A deal is a deal,” the European Commission said in a statement on Saturday. “As the United States’ largest trading partner, the EU expects the U.S. to honor its commitments set out in the Joint Statement — just as the EU stands by its commitments.”

With the Supreme Court’s decision, the Trump administration and future administrations definitively have one less tool to use when imposing tariffs. The ruling does not mark an end to Trump’s tariff plans. It only clarifies his authority to impose tariffs. Meanwhile, the president is left to negotiate trade deals under greater scrutiny.

Chancellor says he wants to deepen trade relationship while making it fairer during visit that sees signing of several agreements.

German Chancellor Friedrich Merz has kicked off his inaugural visit to China with a focus on resetting trade relations and deepening cooperation.

Speaking in Beijing on Wednesday, Merz told Chinese Premier Li Qiang that Germany sought to build on the decades-old economic ties with China, while emphasising the need to ensure fair cooperation and open communication.

“We have very specific concerns regarding our ⁠cooperation, which we want to improve and make fair,” said Merz, in an acknowledgement of the strain faced by Germany’s manufacturing sector from Chinese competition.

Li, who met Merz shortly after his arrival in Beijing’s Great Hall of the People, called on both sides to work together to safeguard multilateralism and free trade, in a reference to US President Donald Trump’s tariff policy that has upended the global trading system.

“China and Germany, as two of the world’s largest economies and major countries with important ‌influence, should strengthen our confidence in cooperation, jointly safeguard multilateralism and free trade, and strive to build a more just and fair global governance system,” Li said.

During the meeting, representatives from both sides signed several agreements and memorandums, including on climate change and food security.

“We share responsibility in the world, and we should live up to that responsibility together,” Merz said, adding there was “great potential for further growth”.

He added that open channels of communication were essential, as he announced visits by several ministers in the months ahead.

‘More equal playing field’ sought

Reporting from Beijing, Al Jazeera’s Rob McBride said the visit, in which Merz was being accompanied by a large delegation of German business executives, was important for both Europe’s economic powerhouse and the world’s second-largest economy.

Alongside the signing of deals with Chinese companies, a key focus of Merz’s visit would be “looking for a more equal playing field when it comes to trade”, he said.

“There is a real concern in markets like the European Union about cheaper, sometimes subsidised Chinese products that are looking for markets other than the US, suddenly flooding other marketplaces such as Germany … undercutting many domestic manufacturers there,” he said.

Germany’s imports from China increased 8.8 percent to 170.6 billion euros ($201bn) last year, while its exports to China dropped 9.7 percent to 81.3 billion euros ($96bn).

McBride noted Beijing was seeking to pitch itself as a “responsible advocate of free trade compared to the sometimes unpredictable and chaotic tariffing policy of the US”.

He said the visit would also see Merz attend a banquet with Chinese President Xi Jinping, and visits to German companies with strongly established presences in China, such as Siemens and Mercedes-Benz.

Geopolitics and human rights would also be on the table, he said, with Germany particularly concerned about Beijing’s support, tacit or otherwise, for Russia amid its war on Ukraine.

Western leaders court Beijing

Merz is the latest in a string of Western leaders to visit Beijing in recent months, including the UK’s Keir Starmer, France’s Emmanuel Macron and Canada’s Mark Carney, amid the fallout from Trump’s tariffs on long-established trade relationships.

The chancellor said on Friday he was going to Beijing in part because export-dependent Germany needs “economic relations all over the world”.

“But we should be under no illusions,” he said, adding that China, as a rival to the United States, now “claims the right to define a new multilateral order according to its own rules.”

China’s Commerce Ministry says the move against Japanese firms will prevent the remilitarisation of Japan.

Japan has strongly protested China’s move to restrict the export of “dual-use” items to 20 Japanese business entities that Beijing says could be used for military purposes, in the latest twist in a months-long diplomatic row between the two countries.

Japanese Deputy Chief Cabinet Secretary Sato Kei said at a news conference that the move by China’s Ministry of Commerce on Tuesday was “deplorable” and would “not be tolerated” by Tokyo.

Companies affected by China’s export ban on dual-use items, or items that can be used for civilian or military purposes, include Mitsubishi Heavy Industries’ shipbuilding group, aerospace and marine machinery subsidiaries, Kawasaki Heavy Industries, Japan’s National Defense Academy, and the Japan Aerospace Exploration Agency.

Beijing said restricting the export of dual-use items to the Japanese firms was necessary to “safeguard national security and interests and fulfil international obligations such as non-proliferation”, adding that the companies were involved in “enhancing Japan’s military strength”.

China’s Commerce Ministry said on Tuesday that it would also add another 20 entities to its export restrictions watchlist, including Japanese automaker Subaru, petroleum company ENEOS Corporation, and Mitsubishi Materials Corporation.

Chinese exporters must submit a risk assessment report for each company to ensure “dual-use items will not be used for any purpose that would enhance Japan’s military strength”, according to a statement on the Commerce Ministry’s website.

China has imposed similar restrictions on the US and Taiwan as a form of political protest, particularly over Washington’s ongoing unofficial support for the self-governed island. Beijing claims democratic Taiwan as its territory and has not ruled out using force for “reunification”.

Tokyo and Beijing have a historically acrimonious relationship, but diplomatic ties took a turn for the worse in November, when Japanese Prime Minister Sanae Takaichi told legislators that a Chinese attack on Taiwan would constitute a “survival-threatening situation” for Japan, which could necessitate military action.

Japan has had a pacifist constitution which restricts its use of force, but an attack on Taiwan could legally allow Tokyo to activate its army, the Self-Defence Forces, Takaichi said.

Takaichi’s remarks were some of the most explicit regarding whether Japan could become involved in a conflict in the Taiwan Strait, and have been accompanied by a push to expand Japan’s military capability.

Beijing reacted with fury to Takaichi’s remarks, discouraging Chinese citizens from visiting Japan, leading to a major drop in tourism revenue from Chinese visitors.

In January, Beijing also imposed Japanese export restrictions on rare earths like gallium, germanium, graphite and rare earth magnets that could be used for defence purposes, according to the US-based Centre for Strategic and International Studies (CSIS) think tank.

The CSIS said at the time that “these retaliatory measures underscore rising tensions between Beijing and Tokyo and serve as a pointed warning from China to countries that take explicit positions on cross-strait relations”.

Tokyo does not have official diplomatic relations with Taiwan, but several of its outlying islands, including Okinawa, are geographically closer to Taiwan than mainland Japan. Taiwan is also enormously popular with the Japanese public.

Indian Prime Minister Narendra Modi will begin a two-day visit to Israel on Wednesday. Modi’s first trip to Israel was in 2017, when he was the first Indian leader to ever visit the country.

India was among the countries that opposed the creation of Israel in 1948, and for decades was one of the most forceful non-Arab critics of Israel’s policies towards Palestinians. It only established diplomatic ties with Israel in 1992, but since 2014, when Modi came to power, relations between the two countries have flourished.

Here is more about what is on the agenda for Modi’s visit, and why it is significant.

Who will Modi meet, and what will they talk about?

Modi is expected to land at the Ben Gurion international airport outside Tel Aviv at 12:45pm local time (10:45 GMT).

Israeli Prime Minister Benjamin Netanyahu is expected to welcome Modi at the airport, as he did during the Indian premier’s 2017 visit. The two leaders are scheduled to hold talks shortly after.

Then, at 4:30pm (14:30 GMT), Modi is scheduled to address the Knesset, the Israeli parliament, in Jerusalem. He then returns to Tel Aviv for the night.

On the morning of February 26, Modi is scheduled to visit the Yad Vashem museum, a memorial to Holocaust victims, before meeting Israeli President Isaac Herzog. Modi and Netanyahu will then meet again and oversee the signing of agreements between the two countries, before Modi departs Israel in the afternoon.

Overall, Modi and Netanyahu aim to use this visit to bolster strategic economic and defence agreements between India and Israel, officials from both sides have said.

“We don’t compete, we rather complement each other,” JP Singh, India’s ambassador to Israel, told state broadcaster All India Radio on Monday, speaking of relations with Israel. “Israel is really good at innovation, science and technology. Therefore, there will be a lot of discussion on AI, cybersecurity and quantum.”

The two countries signed a new Bilateral Investment Treaty in September last year, replacing the 1996 investment treaty, to provide “certainty and protection” to investors from both countries. They are also aiming to upgrade existing bilateral security agreements at this meeting.

In a video posted on the Israeli Embassy’s social media channels on Monday, Israel’s ambassador to India, Reuven Azar, said: “Our economic partnership is gaining real momentum. We signed a bilateral investment treaty, and we are moving forward to sign a free trade agreement, hopefully this year.”

Azar said that Israel wants to encourage Indian infrastructure companies to come to Israel to build and invest in the country.

He added: “We will deepen our defence relationship by updating our security agreements.”

In an X post of his own on Sunday, Netanyahu wrote that he is looking forward to greeting Modi in Jerusalem.

“We are partners in innovation, security, and a shared strategic vision. Together, we are building an axis of nations committed to stability and progress,” he wrote.

“From AI to regional cooperation, our partnership continues to reach new heights,” Netanyahu added.

How are India-Israel relations?

Relations between India and Israel have improved exponentially over the years. While still under British rule in the 1920s and 1930s, India strongly identified with the Palestinian struggle for independence.

In 1917, the United Kingdom signed the Balfour Declaration, promising Jews who had been displaced from Europe due to Adolf Hitler’s oppression a homeland in the British Mandate in Palestine. This was opposed by many nations, including India, which was fighting British colonialism at the time.

“Palestine belongs to the Arabs in the same sense that England belongs to the English, or France to the French,” Mahatma Gandhi, India’s most prominent freedom fighter who is revered as the father of the nation, wrote in an article in his weekly newspaper Harijan on November 26, 1938.

India was among the nations opposed to the creation of Israel in 1948. In 1949, India also voted against Israel’s UN membership. While it recognised Israel as a state in 1950, it was not until 1992 that the two formalised diplomatic relations, and economic relations gradually grew over the following two decades.

Since Modi became India’s leader in 2014, there has been a major shift in the relationship between India and Israel. Nine years ago, Modi was the first Indian prime minister ever to visit Israel.

India is currently Israel’s second-largest trading partner in Asia, after China. According to India’s Ministry of External Affairs, trade jumped from $200m in 1992 to $6.5bn in 2024.

India’s main exports to Israel include pearls, precious stones, automotive diesel, chemicals, machinery, and electrical equipment; imports include petroleum, chemical machinery and transport equipment.

Azad Essa, a senior reporter at Middle East Eye and author of the 2023 book Hostile Homelands: The New Alliance Between India and Israel, told Al Jazeera that Modi’s visit to Israel shows how far India’s relations with Israel have evolved over the past decade.

“Whereas a partnership existed, it was a lot more limited prior to Modi. [New] Delhi has now emerged as Israel’s strongest non-Western ally, so much so that it is now considered a ‘special relationship’, rooted in strategic cooperation and ideological convergence,” Essa said.

“This visit will be Netanyahu’s opportunity to offer appreciation to Modi, and will be used by him to show Israelis that he is a well-respected and popular leader in the Global South.”

Under Modi, India has become Israel’s top arms customer. And in 2024, during Israel’s genocidal war on Gaza, Indian arms firms supplied Israel with rockets and explosives, according to an Al Jazeera investigation.

Modi’s Hindu nationalist Bharatiya Janata Party (BJP) envisions India as a Hindu homeland, echoing Israel’s self-image as a Jewish state. Both India and Israel frame “Islamic terrorism” as a key threat, a label critics say is used to justify wider anti-Muslim policies.

“The alliance between India and Israel is not just about weapon sales or trade. It is about India’s open embrace of authoritarianism and militarism in building a supremacist state in Israel’s image,” Essa said.

“It is also a story about how security, nationalism and democratic language can be used to justify and normalise increasingly illiberal policies, and this has implications for democracies everywhere.”

Why is this visit significant?

Modi’s visit comes at a time of rising and complex geopolitical tensions in and around the Middle East.

Despite the warm relations between the two countries in recent decades, Modi’s trip comes just a week after India joined more than 100 countries in condemning Israel’s de facto expansion in the occupied West Bank. New Delhi signed the statement on February 18 – a day later than most – after initially appearing hesitant.

This week, Netanyahu claimed that he plans to form a new regional bloc of countries, which he termed a “hexagon” alliance, to stand against “radical” Sunni and Shia-majority nations.

On Sunday, Netanyahu said this alliance would include Israel, India, Greece and Cyprus, along with other unnamed Arab, African and Asian states. None of these governments has officially endorsed this plan, including India.

Analysts said Modi’s visit will be viewed by many as an endorsement of Israeli policies, however.

“The timing of the visit is notable because it comes at a time when Netanyahu has lost immense credibility around the world, and to have the leader of the world’s so-called largest democracy visiting Israel and showing affection to Netanyahu, who has a warrant in his name from the International Criminal Court, is a ringing endorsement of him and Israel’s policies,” Essa said.

Modi’s visit also comes at a time of heightened tensions between Iran and the United States.

India and Iran have long had a cooperative relationship. After Modi visited Iran in 2016, the two countries signed a major deal, allowing India to develop the strategically located port of Chabahar on Iran’s southeastern coast. However, after the US imposed additional sanctions on Iran last year and threatened to penalise all countries that do business with Tehran, India has reportedly started moving out of Chabahar.

In June 2025, India did not join the Shanghai Cooperation Organisation’s (SCO’s) condemnation of Israel’s attacks on Iran during the 12-day war between Iran and Israel. However, it did join a later condemnation by the BRICS grouping of major emerging economies of the Israeli and US attacks on Iran.

The US, which has been applying its own pressure on India over the past year in retaliation for its purchase of Russian oil, is building up a vast array of military assets in the Arabian Sea, close to Iran, as President Donald Trump increases pressure on Iran to agree to a deal over its nuclear programme and stock of ballistic missiles.

Trump said last Friday that he was considering a limited strike on Iran if Tehran does not reach a deal with the US. “I guess I can say I am considering that,” he told reporters.

Iran has said it is seeking a diplomatic solution, but will defend itself if Washington resorts to military action.

Israel will likely be a front-line participant in any escalation that might follow from US strikes or Iranian retaliation, analysts say.