trade

March 27 (UPI) — Uruguayan Minister of Economy and Finance Gabriel Oddone said the United States is exerting “unimaginable” and “unsustainable” pressure on his South American country to break its trade relationship with China, according to remarks made at a private meeting.

The comments during a session with business leaders were reported by the local weekly Búsqueda.

With about 3.5 million inhabitants and a territory comparable to the state of Florida, Uruguay has had China as its main trading partner for more than 14 years, accounting for about 26% of its exports.

Oddone said the pressure is applied daily and channeled through different areas of the bilateral relationship.

According to attendees at the meeting with the Confederation of Business Chambers, the minister said that if Uruguay does not comply with Washington’s demands, its trade relationship with the administration of President Donald Trump “will not improve and could get worse.”

The remarks came Tuesday during a meeting at the Technological Laboratory of Uruguay, attended by more than 20 business representatives, along with the director of the Office of Planning and Budget, Rodrigo Arim.

The meeting lasted more than two hours and addressed economic and trade issues in a context described as “very complex.”

China is the main destination for key exports, such as beef, soybeans and cellulose. The pressure from the United States comes amid growing geopolitical rivalry between Washington and Beijing, which is affecting countries with trade ties to both powers.

According to attendees cited by Búsqueda, Oddone acknowledged that the government has “little room for maneuver” due to the fiscal situation inherited from the previous administration and internal differences within the ruling coalition over advancing economic reforms.

On the domestic front, the minister defended the country’s economic performance despite lower-than-expected growth.

Uruguay’s gross domestic product grew 1.8% in 2025, below the official projection of 2.6%, while analysts have already cut expectations for 2026 to around 1.6%.

Facing criticism from the private sector over the size and slow pace of the state, Oddone urged business leaders to also consider positive aspects.

“We should not only see the glass as half-empty,” he said, noting that the economy continues to grow despite an adverse international environment in which Uruguay is “swimming in dulce de leche,” a colloquial phrase interpreted as meaning it is difficult to move quickly.

The minister also ruled out improving competitiveness through a depreciation of the exchange rate.

“Uruguay is not going to become a cheap country,” he said, adding that improvements will come from microeconomic changes to reduce costs and streamline foreign trade.

Asked by Búsqueda, the minister declined to comment publicly on the meeting, as it was a private event. Some participants described it as useful, but with “mixed” feelings, while others said they valued explanations from the economic team.

At the close, Oddone adopted an optimistic tone.

“Believe me, we will do well,” he said, highlighting the country’s institutional and economic strengths to face an international scenario marked by trade tensions and regional slowdown.

Three deals across three key regions : Mercosur, India and Australia.

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While the Commission hailed the Australia agreement as a new geostrategic win, EU farmers continue to express deep discontent stemming from the Mercosur deal.

In practice, the backlash around the agreement with Argentina, Brazil, Paraguay and Uruguay has done little to shift the Commission’s dual approach in its negotiating line. On the one hand, the commission kept making concessions on entry-level or mid-range farm goods such as beef, while on the other hand, it pushed for market access for high value-added exports —like wine, Geographical Indications (GI) and cars— with mixed results.

“The EU has all the assets to be an agri-food power,” Luc Vernet, from the export-focused brussels think tank Farm Europe, told Euronews, adding: “We should develop a broader strategy beyond high value-added products, covering all sectors and all levels of quality, because the European model delivers exceptional quality not just in luxury products.”

Yet the opposition to the Latin America deal — which triggered a legal challenge suspending its ratification — crystallised among EU farmers over fears of unfair competition from meat imports.

The Mercosur agreement granted quotas of 99,000 tonnes of beef per year, 25,000 tonnes of pork and 188,000 tonnes of poultry. Despite conditions added to new quotas in the Australia deal, EU farmers complain of imports piling up across successive agreements.

Concessions made on beef

Over eight years of talks with Canberra—the world’s second-largest beef exporter—Australia pushed hard for greater access for beef and sheep meat. Tensions intensified in 2023, when negotiations broke down after the EU rejected Australia’s demand for 40,000 tonnes of beef per year, offering no more than 30,000 tonnes instead.

The final deal agreed Tuesday allows 30,600 tonnes of beef annually into the EU. For sheep and goat meat, Brussels accepted a 25,000-tonne duty-free quota, while sugar was limited to 35,000 tonnes of raw cane for refining and rice to 8,500 tonnes a year.

However, perhaps drawing lessons from Mercosur, Brussels imposed multiple conditions on the quotas. Beef imports, which will have to be from grass-fed cattle, will be phased in over 10 years, sheep meat over 7 years, and rice over 5 years. Sugar will also be subject to certification under a private sustainability scheme.

Safeguard clauses, allowing both sides to react to market disruption, will apply for seven years – but are extended for sensitive farm goods : 15 years for beef, 12 for sheep and 10 for rice.

But a farmers’ representative told Euronews there were serious doubts about the effectiveness of the safeguard mechanisms: “Our experience in general with safeguards is that they are extremely difficult to activate because the burden of the proof is on us, farmers.”

The offensive agenda of the Commission

By contrast, agriculture was far less contentious in the India negotiations, where New Delhi itself resisted opening its market due to domestic farm sensitivities, particularly in dairy. EU sensitive products were largely excluded.

But wine featured prominently on Brussels’ offensive agenda, with Indian tariffs cut from 150% to 20% for premium wines and 30% for mid-range products over seven years. Tariffs for cars will also fall from 110% to 10% but under a quota of 250,000 vehicles a year after a decade – by which point Chinese manufacturers have great chances to have strengthened their position.

In negotiations with Australia, the EU again sought greater access for its wine but encountered strong opposition from domestic producers. In the end, the deal protects more than 1,600 EU wine GIs, plus over 50 new ones from 12 member states.

On Prosecco, Australian producers will still be allowed to use the term domestically to designate a grey grape variety, provided it is linked to Australian GI, with Canberra agreeing to stop exporting such wines after 10 years.

The EU also secured protection for 165 agri-food GIs and 231 spirit drink GIs. But it failed to remove Australia’s luxury car tax, securing instead preferential treatment for EU electric vehicles. But Brussels won improved access to critical raw materials – a key EU demand, that may have lead to more concessions on meat.

Published on
27/03/2026 – 12:15 GMT+1

The EU approved a sweeping customs reform to handle growing trade volumes and streamline the application of its standards.

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The agreement, which was reached on Thursday evening, introduces new tools to improve the collection of customs duties and increase controls on non-compliant or unsafe goods, without imposing excessive burdens for authorities and traders.

“Today’s agreement marks the greatest reform since the creation of the Customs Union in 1968”, Cypriot Finance Minister Makis Keravnos said in a statement following the adoption of the reform. “This modern toolbox will facilitate trade and ensure the proper collection of duties, in a simplified manner, and with the required legal certainty”, the minister added.

Customs management and trade have gained renewed urgency after trade volumes have sharply increased in the last years. Some €4.6 billion low-value items under €150 were imported to the EU in 2024, representing an average of 12 million parcels per day, according to European Commission data. That is a major increase from the €2.3 billion that entered in 2023 and €1.4 billion in 2022.

In addition, uncertainties over US tariffs, combined with new EU trade deals such as those with MERCOSUR and Australia, make this reform particularly timely.

EU customs data hub

The new rules foresee the creation of an EU customs data hub, which will be an online platform to facilitate the monitoring of trade flows without disrupting their smooth operation.

Businesses importing and exporting from the EU will only need to submit customs information on that single portal.

The hub, which will be operational for e-commerce from July 2028, will be managed by a new European Custom Authority, headquartered in Lille, France.

The Authority will oversee the EU customs by coordinating national offices and supporting them in the risk management. In particular, the Authority will analyse the import and export data to flag cargos that poses the highest risk for inspection.

The reform will also introduce simplified procedures for “trust and check traders” for transparent businesses that will not be subjected to active customs interventions.

For e-commerce operators that fail to comply with EU standards, it will be applied a new system of financial penalties.

The reform foresees a new EU handling fee for small parcels entering the EU starting November 2026, with the exact amount to be decided by the European Commission. From July to November, a temporary €3 tax will apply to all parcels under €150.

BRUSSELS — The European Parliament voted Thursday to approve a trade deal between Washington and Brussels but with amendments added to protect European interests should the United States fail to hold up its end of the bargain.

The deal was negotiated last July in Turnberry, Scotland, by President Trump and European Commission President Ursula von der Leyen. It set a 15% tariff on most goods in an effort to stave off far higher import duties on both sides that might have sent shock waves through economies around the globe.

New language now says that the deal can be suspended if Washington “undermined the objectives of the deal, discriminated against EU economic operators, threatened member states’ territorial integrity, foreign and defence policies, or engaged in economic coercion.”

That clause was forged because of the tensions over Greenland, said Bernd Lange, a German lawmaker and head of the EU’s parliamentary trade committee.

Trump drew widespread condemnation across the 27-nation bloc by threatening to take control of Greenland, a semiautonomous territory of Denmark. He has backed away from the threat, at least for now.

“If this would happen again, then immediately the tariffs would be installed,” he said at a news conference after lawmakers voted. He said the protective modifications were “weatherproofing” the Turnberry deal.

The deal will now be further negotiated by EU trade representatives Maroš Šefčovič and his U.S. counterpart Jamieson Greer, who are meeting Friday on the sidelines of the World Trade Organization meeting in Yaoundé, Cameroon.

“We need the EU-U.S. deal in force on both sides — delivering real certainty for EU businesses and showing that genuine partnership gets results,” Šefčovič said after the vote in Brussels.

There were formally two votes to introduce clauses to the deal. One passed 417-154 and the other 437-144 with dozens of abstentions each.

The U.S. Ambassador to the EU Andrew Pudzer said the vote would provide “stability and predictability” for U.S. and EU businesses and drive economic growth. “We encourage all parties to think to the future and the importance of unleashing opportunities for businesses on both sides of the Atlantic,” he said.

Malte Lohan, CEO of American Chamber of Commerce to the European Union, said the vote is “the right signal for businesses that have been stuck in limbo over the past year” and “a necessary step towards a more predictable transatlantic marketplace.”

Croatian lawmaker Željana Zovko said that despite the trade spat between Brussels and Washington, trade across the Atlantic had grown over the past year. “This resilience proves the trans-Atlantic trade works, and if it works, we should strengthen it, not hold it back.”

McNeil writes for the Associated Press.

EU lawmakers on Thursday approved the EU-US trade deal struck in Turnberry, Scotland, in 2025, while attaching a set of conditions to the agreement.

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A broad majority of political groups backed the deal, which cuts EU tariffs on most US industrial goods to zero, with 417 votes in favour, 154 against, and 71 abstentions.

The European Commission and Washington had pushed for the deal’s implementation, but MEPs delayed backing it until last week amid tensions over Greenland and fresh US trade investigations that raised fears Washington could undermine the deal with new tariffs.

Initially criticized by MEPs as unbalanced and defended by the Commission as the best possible outcome, the deal sets US tariffs on EU goods at 15%, while the EU eliminates duties on most US industrial products.

MEPs introduced safeguards to rebalance the pact in the event of future threats from US President Donald Trump or violations by the United States.

“Of course, that’s imbalanced, but if we could improve it, maybe we can live with it,” Socialist German MEP Bernd Lange said ahead of the vote.

The European Parliament will now work with EU member states to find a common position and enable the tariff cuts, with the attached safeguards expected to be the main point of contention.

These include a “sunset clause” under which the deal expires in March 2028 unless both sides agree to extend it. It also includes a “sunrise clause” which would make tariff preferences conditional to the US respecting its Turnberry commitments.

Lawmakers moved to shield the deal from fresh US tariffs after the Supreme Court struck down 2025 US tariffs in February, prompting the White House to impose new duties on EU goods and launch an investigation into alleged unfair trade practices that could lead to further tariffs.

MEPs also linked the tariff cuts on steel and aluminium to equivalent actions by the US.

Published on
25/03/2026 – 15:39 GMT+1

Lille will host the European Custom Authority, a new decentralised agency tasked with supporting and coordinating national customs administrations across the bloc.

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The decision was made on Wednesday in Brussels, after EU lawmakers from the European Parliament and the Council of the EU voted on the matter in three rounds.

“France is one of Europe’s leading customs nations, [considering] one in three parcels entering the EU passes through French territory,” Dutch MEP Dirk Gotink, rapporteur on the customs reform, said in a press statement.

“Lille’s strategic location at the crossroads of Europe makes it the natural hub for this authority,” the EU lawmaker continued.

Italy, with Rome as its candidate, was the runner-up in the voting rounds.

Other contenders included Belgium with Liège, Croatia with Zagreb, the Netherlands with The Hague, Poland with Warsaw, Portugal with Porto, Romania with Bucharest, and Spain with Málaga.

Customs management and trade have taken on renewed urgency after former US President Donald Trump imposed sweeping tariffs shortly after taking office.

Amid growing global trade uncertainty, the EU has stepped up engagement with international partners. This week, it signed a new agreement with Australia, while the EU–Mercosur deal is set to apply provisionally from 1 April.

The establishment of the new authority is part of the overall reform of the EU customs framework, with key negotiations expected to take place on Thursday.

The reform also aims to tackle the rising pressure from increased trade flows, fragmented national systems and the rapid rise of e-commerce.

The agency is expected to be set up in 2026 and could become operational in 2028 according to a draft schedule which is still be subject to significant changes.

Published on
24/03/2026 – 1:25 GMT+1

European Commission President Ursula von der Leyen on Tuesday sealed a free-trade agreement with Australian Prime Minister Anthony Albanese, slashing tariffs on most EU goods and farm exports.

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The deal marks another win for Brussels as it races to diversify trade ties and lock in strategic partners amid rising global tensions.

The pact will save the EU €1 billion a year in duties, the Commission said, with exports projected to climb as much as 33% over the next decade.

Agriculture proved a flashpoint, with EU farmers already pushing back against the Mercosur trade agreement and a legal challenge from MEPs threatening ratification.

Tariffs will eventually fall to zero on products including cheese (over three years), wine, some fruit and vegetables, chocolate and processed foods.

On the toughest issues — beef and sheep, which sank talks in 2023 — Australia agreed to quotas of 30,600 and 25,000 tonnes a year, respectively.

A safeguard mechanism will allow the EU to shield sensitive sectors if a surge in Australian imports harms the bloc’s market.

Beyond agriculture, the agreement opens access to Australia’s critical raw materials, including aluminium, lithium and manganese.

Brussels also failed to scrap Australia’s luxury car tax. Instead, 75% of EU electric vehicles will be exempt.

The deal is a geostrategic push

The Commission expects strong export gains in key sectors, including dairy (up to 48%), motor vehicles (52%) and chemicals (20%).

Brussels has prioritized the deal as it builds partnerships in the Indo-Pacific, where China’s influence has become central. A security and defence partnership with Canberra was also announced Tuesday.

“The EU and Australia may be geographically far apart but we couldn’t be closer in terms of how we see the world,” von der Leyen said, adding: “With these dynamic new partnerships on security and defence, as well as trade, we are moving even closer together.”

Since Donald Trump returned to power in 2025, trade agreements have taken on sharper geostrategic weight for the EU as it seeks new markets.

In 2025, Brussels struck deals with Mexico, Switzerland and Indonesia. The Mercosur pact was also signed earlier this year and will be provisionally applied from 1 May despite a European Parliament legal challenge.

More could follow. Talks are ongoing with the Philippines, Thailand, Malaysia, the United Arab Emirates, and countries in Eastern and Southern Africa, von der Leyen told EU ambassadors on 9 March.

The head of US Central Command says forces have struck Iranian coastal missile sites and infrastructure, degrading Tehran’s ability to threaten shipping in the Strait of Hormuz, as Washington vows to continue targeting its regional military capabilities.

When governing body offficials the Africa Cup of Nations title to Morocco, overturning Senegal’s victory two months after the chaotic final, football fans were stunned.

The impact of the decision could spread beyond sport and weaken the bond between the nations.

While Moroccan fans took to the streets to celebrate their team’s belated success, the decision by the Confederation of African Football (CAF) was met with disbelief in Senegal, with fans and authorities calling the decision “unjust”.

Senegal’s government on Wednesday said it will pursue “all appropriate legal avenues” to overturn the decision and called for an international investigation into “suspected corruption” within African football’s governing body.

The Senegal Football Federation (FSF) then announced on Thursday that it had instructed lawyers, apparently carrying through its threat to take the matter to the Court of Arbitration for Sport (CAS). Such a move could lead to a yearlong legal battle before a ruling.

CAF’s appeals board on Tuesday ruled that Senegal forfeited the final by leaving the field of play without the referee’s authorisation, and it awarded Morocco a default 3-0 win.

The game was delayed for 14 minutes as most of the Senegalese players and staff returned to their dressing room, while Senegal fans battled stewards behind one of the goals in protest against a controversial penalty call for Morocco after Senegal had a goal ruled out.

The players returned, Morocco missed the penalty, and Senegal won the match 1-0 in extra time.

What are the bonds that tie Morocco and Senegal?

Morocco and Senegal have long shared close ties built on religion, trade and culture. Tijaniyyah, a Sufi Muslim order, is widely followed in both countries. Moroccan banks and companies heavily invest in Senegal’s finance and agriculture sectors. Cultural exchanges include student programs, migration and joint festivals.

But the tensions surrounding the final and CAF’s appeals court decision to overturn Senegal’s victory have put a strain on the relationship between the two countries.

Last month, 18 Senegal fans who were arrested on charges of hooliganism at the final were given prison terms of up to a year by a Moroccan court. The Senegalese government has expressed solidarity with the Senegalese supporters.

Seydina Issa Laye Diop, president of the Senegalese national team’s fan group called “12th Gainde”, told The Associated Press on Thursday that the incidents should not damage the relationship between Senegal and Morocco.

“However, there are limits: if this continues, it could somewhat affect the pride of the Senegalese people,” Diop said. “If the goal is to preserve friendship, then it must be nurtured. Small gestures can have a big impact. These are things we can move past, especially since, during the trial, no solid argument has justified the continued detention of these supporters.”

Mariama Ndeye, a student in Senegal’s capital Dakar, said the decision has negatively affected her view of Moroccans.

“When everything goes well, they call us their brothers. But when things don’t go their way, they start being nasty,” Ndeye said.

Politics and sport are rarely separated as Senegal and Morocco find out

On Wednesday, Morocco’s embassy in Dakar called on Moroccans in Senegal to “demonstrate restraint, vigilance, and a sense of responsibility.”

“It is important to recall that, in all circumstances, it is only a match, the outcome of which should never justify any form of escalation or excessive remarks between brotherly peoples,” the embassy said.

While the dispute has remained centred around the football match, bad feelings have spread more generally.

In Casablanca, home appliances business owner Ismail Fnani said he felt like other African countries were rooting against Morocco during the final.

“Honestly, my views toward Senegalese and sub-Saharan Africans changed after this,” he said. “We used to feel sympathy and help them because they were migrants who had struggled to get here. Where there was once sympathy and compassion, now I will treat them as they have treated us.”

Mohamed el-Arabi, who works in a grocery shop in Casablanca, said he did not celebrate the decision awarding Morocco the title.

“We would have preferred it to stay with Senegal because it doesn’t feel right otherwise,” El Arabi said.

“People here have started hating Senegalese. They no longer provide them with help. We used to be like brothers, especially since they are Muslims like us, but that is no longer the case,” he added.

The Senegalese government’s allegation of “suspected corruption” at CAF followed anger at perceived favouritism towards Morocco, which is a 2030 World Cup co-host and has invested heavily to become a football superpower.

On Wednesday, CAF President Patrice Motsepe defended the body against perceptions of favouritism towards Morocco.

“Not a single country in Africa will be treated in a manner that is more preferential, or more advantageous, or more favourable than any other country on the African continent,” Motsepe said in a video published on the CAF website.

Iran’s strike on Qatar’s Ras Laffan gas facility will cut an estimated 17% of the country’s Liquefied Natural Gas export capacity for up to five years, officials say. The damage is a major blow to the global energy market, which could disrupt supplies to Europe, Asia and beyond.

Published on
19/03/2026 – 10:44 GMT+1

The European Parliament’s trade committee agreed Thursday to cut EU tariffs on US goods to zero, as set out under the EU–US agreement struck in July 2025 after multiple delays over tensions with the Trump administration.

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EU Lawmakers had resisted for weeks implementing the deal signed by EU Commission’s President Ursula von der Leyen and US President Donald Trump last summer, following threats over Greenland and fresh tariffs imposed by Washington on EU goods after a pivotal February ruling by the US Supreme Court ruled illegal the 2025 US tariffs.

On Thursday, the committee adopted a legislation by 29 votes in favour, paving the way to eliminate EU duties on most US industrial goods as agreed in the Turnberry deal.

The lopsided agreement, clinched after weeks of trade tensions triggered by the White House’s nationalist trade agenda, imposes 15% US tariffs on EU goods while the bloc agreed to scrap its own duties and ramp up investment in the US.

Negotiation with capitals

Thursday’s vote opens the door to full approval by the European Parliament. However, adoption may slip to April or May as EU lawmakers still need to negotiate implementing legislation with EU member states.

Amendments introduced by MEPs could complicate talks with capitals, including a “sunset” clause that would reinstate EU tariffs after 18 months if the agreement is not renewed, and a so-called “sunrise clause” making tariff cuts conditional on Washington meeting its commitments.

Lawmakers unfroze the deal on Tuesday following US pressure and calls from the European Commission to move ahead.

They had sought clarity after the White House imposed fresh duties following the ruling of US top judges. New investigations into EU goods launched last week by Washington also raised concerns among MEPs, who called for predictability for European businesses.

US officials, meanwhile, have grown increasingly impatient after repeatedly assuring EU counterparts they would stick to the deal, which also spares sectors such as EU aerospace, if the bloc does the same.

“EU tariffs on US goods haven’t changed,” U.S. ambassador to the EU Andrew Puzder said on X on Tuesday, adding: “We understand that the EU must follow its process. But we’re hopeful that, after 6 and a half months, the time has come – and we’ve respectfully requested that – the EU finalize the deal so we can mutually unlock the potential for positive collaboration – for the betterment of our economies and our joint security.”

Mérida, March 16, 2026 (venezuelanalysis.com) – Venezuelan and Colombian high-level delegations met at the Miraflores Palace in Caracas on Friday, March 13, to advance a strategic roadmap for binational integration. 

The summit, which focused on bilateral trade, energy, and security, culminated in the announcement of Venezuela’s first-ever export of liquefied petroleum gas (LPG) to its western neighbor.

Acting President Delcy Rodríguez led the Venezuelan delegation in the talks, overseeing a satellite broadcast of the first trucks from state oil company PDVSA carrying butane gas across the Simón Bolívar International Bridge from Táchira to Norte de Santander.

“This is the first step… the first LPG export from Venezuela to Colombia,” Rodríguez stated to reporters, characterizing the shipment as a symbol of the “Bolivarian spirit” of integration.

Beyond the immediate truck shipments, officials announced plans to revitalize the Antonio Ricaurte transnational gas pipeline. The project aims to facilitate the direct export of Venezuelan natural gas to Colombian markets, a move described by both governments as essential for regional energy security. 

However, Colombian President Gustavo Petro noted via social media that full interconnection remains contingent on the lifting of US sanctions given the need for infrastructure repair works. For her part, Rodríguez reiterated calls for the Trump administration to remove unilateral coercive measures against the Caribbean nation.

“Unilateral coercive measures against the Venezuelan people affect the peoples of Latin America,” she said.

The 225-kilometer Ricaurte pipeline was completed in 2007 and was initially used for Colombian gas shipments to Venezuela. Plans to reverse the flow beginning in 2016 were hampered by US sanctions.

The Caracas summit also saw delegations review the recovery of commercial ties since the reopening of the border in 2022. According to figures shared during the meeting, binational trade has grown from US $220 million in 2020 to over $1.135 billion at the close of 2024.

To sustain this momentum, officials announced that the Administrative Commission of the Trade Agreement will be formally installed on March 18. The agency’s agenda will focus on achieving “zero tariffs” for specific goods and promoting binational tourism. 

The Colombian delegation also emphasized the importance of the Monómeros petrochemical company, noting that its operation at full capacity is vital for Colombia’s food security. The agrochemical producer was placed under the control of the US-backed Venezuelan opposition by former Colombian President Iván Duque. The company was plagued by corruption scandals before being returned to the Venezuelan government’s control in 2022.

Monómeros, a major supplier of fertilizer for Colombian potato, coffee and palm oil producers, remains restricted by US sanctions, with Venezuelan plans to sell the company to the Colombian state contingent on US Treasury approval.

The two countries’ delegations likewise addressed joint security concerns during the Friday talks, activating an immediate coordination mechanism for sharing military and police intelligence. 

The stated objective is to dismantle drug trafficking networks and counter irregular armed groups operating along the 2,200-kilometer border region. Petro described the goal as a the creation of a “Binational Zone of Peace,” emphasizing the importance of integrated military efforts to protect the territory.

The Caracas summit took place following the suspension of a planned meeting between Rodríguez and Petro at the Atanasio Girardot Bridge on Friday due to “force majeure.” Colombian outlets reported security concerns but offered no specifics.

Despite the setback, the Venezuelan government reaffirmed that the presidential invitation remains open and that the working groups at Miraflores had secured the “roadmap” for the coming months. 

Colombian Foreign Minister Rosa Villavicencio, who led the Petro government’s delegation, praised the Caracas summit as a “great success” and vowed that “no one can split the Colombian and Venezuelan peoples” due to their shared history.

In the wake of the meeting with Colombian counterparts, Rodríguez announced the appointment of Admiral Orlando Maniglia as the new Venezuelan Ambassador to Colombia. Maniglia, who previously served as Minister of Defense and Ambassador to Germany, will replace Carlos Eduardo Martínez.

The two countries’ integration agenda will continue with the meeting of a bilateral commission on April 23 and 24 in Maracaibo, Zulia state. The upcoming summit will focus on migration, citizen rights, and the facilitation of free circulation across the border.

Edited by Ricardo Vaz in Caracas.

March 15 (UPI) — Israel said it launched a wave of airstrikes on Iran on Sunday as Iran carried out its own attacks on U.S. military sites and against U.S. allies in the Gulf region at large.

The Israeli military said its airstrike hit the Hamedan area of western Iran, hitting multiple military headquarters, The Times of Israel reported. The Israeli military said it plans to expand its attacks on western and central Iran “with the aim of broadly and systematically damaging the regime’s command and control capabilities.”

Israeli officials, meanwhile, said at least five people in the country were injured Sunday by Iranian missiles. Iran’s state-run Mehr news agency reported that the Iranian military has pledged to “pursue and kill” Israeli Prime Minister Benjamin Netanyahu “with force.”

The United Arab Emirates said it has seen a drop in Iranian attacks within its borders. The defense ministry said it intercepted four ballistic missiles and six drones Sunday.

Since the start of the war, it has faced more than 1,900 attacks by Iran.

Bloomberg reported that a key oil port on the UAE’s east coast — Fujairah — was back in operation Sunday after it was targeted by an Iranian drone Saturday. The port is about 70 nautical miles away from the Strait of Hormuz, which Iran closed earlier in the month to put pressure on its enemies’ abilities to transport oil. About one-fifth of the world’s oil passes through the strait.

Fujairah is situated at one end of a pipeline that allows the UAE to bypass use of the Strait of Hormuz entirely. The site exported an average of more than 1.7 million barrels of crude and refined fuels per day in 2025, about 1.7% of the world’s demand, The Guardian reported.

Officials said they intercepted a drone attack near the site, causing a fire there briefly.

British Energy Secretary Ed Miliband said his country was examining ways to reopen the Strait of Hormuz and keep oil flowing. In an appearance on Sky News’ Sunday Morning with Trevor Phillips, Miliband said Britain was in talks with allies.

“There’s different ways in which we can make maritime shipping possible. We are intensively looking with our allies at what can be done, because it’s so important that we get the strait reopened.”

Caracas, March 14, 2026 (venezuelanalysis.com) – Venezuelan workers, activists, and trade union organizers held marches in several cities on Thursday to demand wage increases and respect for labor rights.

A coalition of labor organizations staged protests in Caracas and over 25 other cities across the country. In the Venezuelan capital, around 1,000 demonstrators marched from Plaza Morelos and broke through a police cordon to reach the National Assembly in the city center.

“Mobilizations like the one we had today will continue and grow until the government changes its salary policies,” José Gregorio Afonso, president of the Central University of Venezuela (UCV) professors’ association, stated. “We believe the economic conditions allow for the establishment of a minimum wage as determined by the Constitution and the Labor Law.”

Afonso added that the Constitution mandates the government adjust the minimum wage at least once a year to keep up with inflation, but the last increase was in 2022. He likewise pointed to recent official figures of economic growth and prospects of increased oil revenues.

Thursday’s rally consisted largely of education sector trade unions, as well as public sector retirees. A commission met with a group of legislators at the end of the march to deliver a list of 17 demands signed by over 200 trade unions. 

A similar document was delivered to the Labor Ministry following prior nationwide rallies on February 26. The labor organizations’ demands include raising the minimum wage in accordance with the Constitution and labor legislation, the release of workers and trade unionists allegedly arrested for defending labor rights, and the repeal of statutes such as the 2792 Memorandum that suspended several collective bargaining rights.

Activists have also voiced opposition to plans to implement a pro-business reform of the country’s Organic Law of Labor and Workers (LOTTT) that would cut benefits, social security contributions, and other employer responsibilities. 

The historic 2012 law, approved by former President Hugo Chávez, 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.

Later on Thursday, the ruling Socialist Party (PSUV) held its own march in Caracas along the same route, with spokespeople urging the defense of the country’s peace and sovereignty, as well as calling for the release of kidnapped President Nicolás Maduro and First Lady Cilia Flores.

Labor Minister Eduardo Piñate told reporters that the rally was in “firm backing” of the Maduro and Rodríguez government’s labor policies.

Gov’t increases bonus amid salary debates

On Friday, unofficial channels reported that the acting Rodríguez administration had raised the monthly “economic war bonus” by 25 percent, from US $120 to $150. Coupled with a $40 food bonus, the move brings the monthly income floor for public sector workers to $190. The amount is paid in bolívars at the official exchange rate.

Venezuelan government officials have not commented on the increase. It is not presently known whether public sector retirees and pensioners, who receive $70 and $50 economic war bonuses, respectively, will benefit from similar hikes.

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, but with the Venezuelan currency’s devaluation, it is now equivalent to $0.29. With the Venezuelan economy heavily battered by US sanctions, the Nicolás Maduro government prioritized non-wage bonuses as the main income source for workers and pensioners.

Trade unions and leftist organizations have criticized the policy for violating the country’s labor laws and favoring business sector interests by reducing labor costs and making dismissals more flexible.

In recent weeks, trade union coalitions have put forward proposals for a minimum wage adjustment. Center-right and right-wing alliances such as the Independent Union Alliance (ASI) and the Confederation of Venezuelan Workers (CTV) have urged authorities to set the monthly minimum salary at $200 before pegging it to a cost-of-living index.

For its part, the government-aligned Bolivarian Socialist Union of Workers (CBST) proposed that the minimum wage be raised by $50 each quarter, though it did not specify a time frame. The CBST added that, should the government deem the salary increase unfeasible, it should implement a similar increase in non-wage bonuses.

Liberal economists, including Asdrúbal Oliveros and José Guerra, have argued that minimum wage increases beyond $100 and $150 a month, respectively, might place too high a burden on the state’s budget. At the same time, business sector representatives have called for a flexibilization of labor protections and benefits.

Leftist economists, including former PSUV congressman Tony Boza, Pasqualina Curcio, and Juan Carlos Valdez, have proposed raising wages and pegging them to inflation as is currently done by private banks with interest rates.

Edited by Lucas Koerner in Fusagasugá, Colombia.

March 13 (Asia Today) — South Korean Prime Minister Kim Min-seok met U.S. Vice President J.D. Vance at the White House in Washington on Wednesday to discuss bilateral investment, trade issues and developments on the Korean Peninsula.

The meeting came about 50 days after the two leaders first met during Kim’s visit to Washington in January.

Kim highlighted the passage of a special law supporting South Korean investment in the United States, which cleared the National Assembly earlier this week.

He said the legislation demonstrates Seoul’s commitment to implementing bilateral investment agreements and could contribute to revitalizing U.S. manufacturing and job creation.

Kim added that the measure could also accelerate implementation of agreements outlined in a joint fact sheet between the two countries, including cooperation in areas such as nuclear-powered submarines, nuclear energy and shipbuilding.

Vance welcomed the legislation, saying it provides a legal foundation for implementing investment agreements between the two countries, according to South Korea’s Prime Minister’s Office.

The two sides also discussed cooperation in critical minerals and issues related to non-tariff trade barriers.

Kim explained Seoul’s recent decision to allow U.S. companies to export mapping data from South Korea, describing it as a forward-looking step aimed at strengthening cooperation.

Vance praised the move and said the two countries should continue consultations on non-tariff trade barriers.

Kim also said issues previously raised by Vance during their January meeting – including concerns related to the e-commerce company Coupang and certain religious matters – are now being handled in a stable manner.

Vance said the United States respects South Korea’s domestic legal framework and thanked Seoul for continuing to communicate with Washington on issues of interest to the United States.

The leaders also exchanged views on the Korean Peninsula and reaffirmed that the door remains open for dialogue with North Korea.

They agreed to maintain close coordination on developments related to the peninsula.

South Korea’s Prime Minister’s Office said the meeting helped deepen personal trust between Kim and Vance and is expected to strengthen communication on key bilateral issues.

The office’s statement did not mention whether the two discussed the Section 301 trade investigation launched this week by the Office of the United States Trade Representative targeting several major trading partners, including South Korea.

However, the issue of non-tariff barriers raised during the meeting could be related to that investigation.

— 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=20260313010003892

Caracas, March 13, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez welcomed on Wednesday the formal recognition granted by the United States government to her administration as the South American country’s “sole” and legitimate authority.

Rodríguez argued that Washington’s decision goes beyond any individual figure or government. 

“It is not recognition of a person or a government; it is recognition of a country so that it is able to recover its life,” she said during a televised broadcast, referring to the impact of wide-reaching US unilateral coercive measures imposed since 2015.

The Venezuelan leader affirmed that the diplomatic move could help advance “national unity” and contribute to the “normalization” of the country’s political, economic, and social life. “What matters to me is that this can bring a process of reordering and normalization,” she added.

The recognition was communicated by Manhattan US Attorney Jay Clayton in a “statement of interest” addressed to federal Judge Sarah Netburn. Clayton is likewise heading the prosecution in the US Justice Department’s case against Venezuelan President Nicolás Maduro.

Maduro was kidnapped by US special forces alongside First Lady Cilia Flores on January 3 during a military operation. The pair has pleaded not guilty to charges including drug trafficking conspiracy and will face a hearing on March 26. US officials have not provided evidence tying Venezuelan high-ranking officials to narcotics activities, while specialized reports have consistently found Venezuela to play a marginal role in global drug trafficking.

Clayton’s missive referenced a letter from State Department official Michael Kozak which identified Rodríguez as Venezuela’s “sole Head of State.” Kozak’s letter expressed the Trump administration’s argument that the recognition will help advance US interests in the Caribbean nation.

Trump publicly acknowledged Washington’s recognition of the Venezuelan government for the first time during the Shield of the Americas Summit on March 7. The White House argued that its stance would contribute to Venezuelan stability and economic recovery, as well as create the conditions for “a peaceful transition toward a democratically elected government.”

Caracas and Washington reestablished diplomatic ties on March 5 and have taken steps to reopen their respective embassies and consulates. The Maduro government severed ties with the first Trump administration in 2019 when the latter recognized then–National Assembly president Juan Guaidó as Venezuela’s “interim president.”

Kozak reiterated in his letter that since January 23, 2019, the US has not recognized Maduro as Venezuela’s head of state and that this position had not changed. 

“Maduro is an accused narco-terrorist awaiting trial in a US federal court for his crimes,” the document read. The Venezuelan president’s defense team is expected to argue that Maduro should be entitled to immunity from prosecution as a sitting head of state.

Washington’s formal recognition of the acting government in Caracas could also have implications for Venezuelan assets abroad. Since 2019, several bank accounts and US-based Venezuelan refiner CITGO have been frozen or under the control of the US-backed opposition.

The White House’s move will also pave the way for renegotiations surrounding Venezuela’s sizable sovereign debt, with creditors eager for a potential windfall after buying defaulted bonds at very depressed prices.

While Clayton’s address identified Rodríguez as the only person “able to take action on behalf of Venezuela,” US authorities have not clarified whether the Venezuelan government will retake control of its US-based assets.

In addition, the Justice Department attorney declined to take a position regarding “which counsel is authorized to represent certain Venezuelan state-owned entities.” On Thursday, Judge Netburn requested further clarification from the administration regarding the representation of Venezuelan interests before US courts before March 26.

In her Wednesday address, Rodríguez went on to acknowledge “daily exchanges” with US counterparts and expressed “gratefulness” for the reestablishment of trade relations. The acting president stated that Venezuela has imported medical equipment and medicines from US companies in recent weeks.

Since early 2026, the Trump administration taken direct control of revenues generated by Venezuelan oil exports, depositing funds into accounts held by the US Treasury. Around a quarter of an initial US $2 billion crude sale agreement has reportedly been returned to Caracas.

Recently issued US licenses allowing transactions in the Venezuelan oil and mining sectors likewise mandate that proceeds be deposited in Treasury-run accounts.

US officials have claimed that Venezuelan authorities need to submit a “budget request” to access the country’s funds and will only be allowed to import goods and services from US manufacturers.

Edited and with additional reporting by Ricardo Vaz in Caracas.

EU lawmakers in Brussels are worried that the bloc is drifting into the crosshairs of US domestic politics, as the White House launched new trade investigations into EU goods accusing the European Union is “implementing close to zero” of trade commitments.

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Next week could prove decisive for the EU–US trade deal struck last summer.

Washington has stepped up pressure on the EU in recent days to implement the agreement cut last summer cut between the head of the European Commission Ursula von der Leyen and President Donald Trump, tripling tariffs on the EU.

Still, MEPs have kept the implementation process, which also includes investment pledges from the Europeans in the US, frozen, seeking clarity after the Supreme Court of the United States ruled in February that US tariffs imposed in 2025 were illegal.

The fate of the deal remains uncertain after the White House launched new investigations into EU products this week that could lead to tariffs exceeding the 15% ceiling agreed under the pact.

“It is domestic politics and the worst-case scenario has happened: we got involved,” Croatian MEP Željana Zovko, lead negotiator for the European People’s Party, told Euronews.

She added: “We were waiting for the Supreme Court’s decision but now of course this administration will do its utmost to do it its own way.”

In the days following the court’s ruling, the US administration has looked for new legal grounds for tariffs and invoked Section 122 to impose fresh duties of 10% on EU goods, on top of the 4.8% tariffs already in place under most-favored nation regime.

The provision allows temporary duties for a maximum of 150 days, after which the US Congress would need to agree an extension. The Supreme Court suggested in its initial ruling that the President had exceeded his powers under emergency grounds.

As Washington looks for a way to make the tariff salvo permanent, it is also increasing the pressure on allies by opening new investigations into trading partners including the EU over alleged unfair trade practices. China and India were also targeted.

The probes could pave the way for tariffs above the 15% ceiling agreed in the deal struck in July 2025 by Ursula von der Leyen and Donald Trump in Turnberry, Scotland.

Next week will be pivotal for the EU-US deal

“Now uncertainty is increasing even more for our businesses,” Zovko said.

Since the court ruling, the EU has sought clarity from Washington on whether the Turnberry agreement signed last year still stands or has been broken.

US officials assured EU trade chief Maroš Šefčovič they would stick to the deal, though they have not detailed how the 10% tariffs after the court ruling will be replaced in the long-term. In return, the US expects the EU to implement the agreement fully and quickly.

US Trade Representative Jamieson Greer raised the temperature on Wednesday, lashing at the Europeans on the basis that “the EU has done approximately zero percent of what they were supposed to do for their trade deal with us.”

This week’s investigations should be taken seriously, German MEP Bernd Lange (S&D) told Euronews, despite the erratic moves by the US administration since the court ruling.

“Section 301 will allow the US to differentiate between countries and therefore add pressure to each of them,” he said.

Next week could be pivotal for the EU–US trade deal.

Italian MEP Brando Benifei (S&D) will travel to Washington hoping to meet Greer. He may be joined by Lange, the chair of the EU trade committee, on Monday although a decision has not been made yet.

The trip comes as negotiators in the European Parliament must decide whether to resume work on the agreement or postpone the vote once more. A vote is required to cut EU duties on US goods to zero, as foreseen in the Turnberry deal.

But political groups remain divided.

“When I read what the socialists are saying, I’m losing hope that we will have a vote, despite reassurance given by Iratxe García Pérez [Spanish MEP, chair of the S&D] and Bernd Lange,” a source at the EPP told Euronews.

Benifei said the EU needs a clear political signal from Washington that it will stick to the deal, otherwise “there is no way we can vote on the file.”

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.

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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.”