trade

Published on 07/03/2026 – 8:00 GMT+1•Updated
11/09/2026 – 22:42 GMT+2

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 official working languages.

“Switching entirely to English raises a legal and democratic issue, and the Commission is well aware of it,” another French official 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.”

DUBLIN — President Trump is taking a break this weekend from the pressures of the Iran war and American voter anger over the conflict’s economic fallout by indulging in one of his favorite pastimes: golf.

After observing the somber 25th anniversary on Friday of the 9/11 attacks that killed more than 3,000 people in New York, Washington and Pennsylvania, Trump plans to fly to Ireland for a weekend at his eponymous golf resort in Doonbeg on the country’s Atlantic coast. Trump International Golf Links is hosting the Irish Open, which kicked off Thursday.

The president is an avid golfer who hits the links at clubs he owns in Florida, New Jersey and Virginia just about every weekend. Prime Minister Micheál Martin invited Trump to watch the Irish Open during a St. Patrick’s Day trip to Washington in March, and Ireland’s political leaders will most likely see the visit as a chance to maintain warm relations despite differences over trade and foreign policy.

Daniel Mulhall, a former Irish ambassador to the United States, said Irish and U.S. officials will see Trump’s trip “as a happy opportunity for him to have a little bit of R&R in a place that he really loves, which is his golf course in Doonbeg.”

“The relationship with America is on an even keel, which is great because not every country in the world can say that,” he said.

There will be a bit of politics, then golf

Trump plans to sit down on Saturday to talk about trade and international issues with Martin and will also have a brief meeting with President Catherine Connolly, a progressive campaigner who was elected Ireland’s ceremonial head of state last year. He’ll give remarks to business leaders at the U.S. ambassador’s residence, the White House said. Then he’ll travel to Doonbeg to attend the tournament, and possibly present the winner’s trophy on Sunday.

The U.S. and Ireland share ties of history — 30 million Americans claim Irish heritage, and more than 1 million Americans visit Ireland every year — and strong economic bonds. The Irish Treasury takes in billions in corporate tax from U.S. technology and drug companies operating in Ireland, and American firms employ more than 200,000 people in the country.

Ireland is a member of the European Union, a frequent target of Trump’s ire, but so far the country’s lucrative pharmaceutical sector has avoided steep levies.

The Middle East is a potential source of friction. Ireland has recognized a Palestinian state and banned goods from Israeli settlements in the occupied West Bank, both positions eschewed by the Trump administration.

Martin, who leads a center-right coalition government, struck up a cordial relationship with Trump during his St. Patrick’s Day visits, though Trump said in the Oval Office in March 2025 that “of course” Ireland was among countries taking advantage of the United States.

Not everyone in Ireland is welcoming Trump’s visit. More than 150 Irish lawyers signed a letter objecting to the visit, alleging that through support for conflicts in Gaza and Iran Trump is “executing and enabling war policies which are illegal, causing death and destruction on a massive scale.”

A collection of left-leaning opposition parties, anti-military groups, pro-Palestinian organizations, environmentalists and others plans to demonstrate in Dublin on Saturday.

Trump has forged a role as sports fan-in-chief

Trump’s attendance at the Irish Open continues his trend of appearing at prominent sporting events — and having a hand in organizing some of them in ways that benefit his family business. His clubs in Doral, Fla., and Bedminster, N.J., have each hosted professional golf tournaments this year.

In July, Trump marked the 250th anniversary of U.S. independence from Britain by staging a UFC fight night on the South Lawn of the White House and sanctioning the first IndyCar race ever held on the streets of Washington.

Since beginning a second term in office in January 2025, he’s attended the Super Bowl, the Daytona 500, the FIFA Club World Cup final and the U.S. Open men’s tennis final. He recently announced that he will be at the Presidents Cup golf tournament in late September near Chicago in the traditional role as honorary chairman of the matches.

Last summer, he visited his golf courses in Scotland, meeting then-Prime Minister Keir Starmer and European Commission President Ursula von der Leyen during the trip.

The president’s visit has brought a huge security operation to the rural area 175 miles west of Dublin, complicated by the presence of some 20,000 golf fans attending the Open.

Local councilor Rita McInerney, who owns a shop in Doonbeg, said Trump’s purchase of the golf course in 2014 has been a mixed bag for the town.

She said Doonbeg has been “vilified” by some in Ireland because of its Trump connection, but that the resort is a major employer and a responsible member of the local business community.

The area draws many American tourists, some of whom come because “they love the golf more than they hate Trump,” she said.

“And then there’s a group of people that will come because they follow Trump or they like Trump or they support him in the U.S.,” she said. “And then there’s other people that will avoid the place because he owns it.”

Superville and Lawless write for the Associated Press.

TORONTO — Ontario Premier Doug Ford said Thursday he hopes President Trump’s Republicans lose both the House and Senate in the midterm elections, saying voters should punish Trump politically for his escalating trade war with Canada.

“Hopefully he’s going to lose the Senate. He’s going to lose Congress. I hope so, and hold him accountable,” Ford said. “But we’ll see how that goes. We aren’t going to interfere in the U.S. election.”

Ford has emerged as one of Trump’s most outspoken Canadian critics, accusing him of trying to strip industry out of Ontario and move it south of the border as the two trade personal insults and threats.

Ford’s comments came two days after Washington escalated the dispute by banning some Canadian dairy products and motorcycles and most alcoholic beverages after Canadian retaliatory tariffs took effect on about $20 billion in U.S. goods. Trump also moved to shut Canadian products out of large, long-term U.S. government contracts.

“He’s not reliable at all,” Ford said. “He could make a deal today and then change his mind. And we’ve seen that over and over again.”

Still, Ford said he believes Trump wants an agreement before the midterms and that Canada should return to negotiations as soon as possible.

“I truly believe President Trump wants a deal before the midterms,” Ford said. “I could be wrong, but I think it’s best that we sit down and get a deal.”

Last year, Trump abruptly ended trade talks with Canada after Ford’s Ontario government aired an anti-tariff television ad in the United States using former President Ronald Reagan’s criticism of tariffs.

The feud repeatedly has turned personal. In an interview with the Associated Press last month, Ford mocked Trump for keeping a portrait of Reagan near his desk while pursuing tariffs the former president had criticized, saying Reagan would be “throwing up on him from the picture if he knew what was going on.”

Trump described him as “the less charismatic, intelligent, and overall unimpressive brother of the late, great, Rob Ford.”

Trump also signed an executive order directing the U.S. government to refer to Lake Ontario as “Lake America,” a name Canada does not recognize.

Ford said Thursday that Trump unintentionally strengthened Canada by forcing it to reduce its dependence on the United States.

“The only two good things Donald Trump has ever done for Canada,” Ford said, were that “he woke us up” and “he united the country like I’ve never seen before.”

Gillies writes for the Associated Press.

Published on 09/09/2026 – 19:07 GMT+2•Updated
21:09

The European Commission unveiled on Wednesday a legislative proposal allowing EU public authorities to favour European companies in public procurement for key public services such as energy, water, railways, ports, airports and postal services.

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The move comes as European policymakers seek to shield the bloc’s market from China amid heated trade negotiations, as the EU grapples with a trade deficit with Beijing of roughly €1 billion a day.

Public procurement markets in Europe represent €2 trillion every year — 15% of Europe’s GDP.

“Public money must serve our collective interests,” Commission Vice-President Stéphane Séjourné said on Wednesday. “A public buyer will be able to organise his European preference and to exclude operators coming from countries with which we do not agree on public markets, both on the basis of the nationality of the company or on the base of the origin of the products.”

Under the Commission’s proposal, EU public authorities will be able to exclude non-European companies from public contracts when they come from countries that do not allow Europeans access to their own public procurement markets.

“A municipality will be very clearly able to exclude a Chinese company or a European company that offers Chinese products,” Séjourné added. “It will also be able to give more points and more visibility in his offer to European offers compared to competition offers.”

Swift reaction from China

The Commission proposes that at least 30% of the evaluation of supplies for public procurement rely on quality criteria and not only on price, which will also hit low-cost Chinese products.

“The new standard is the best quality-price ratio, and not just the price,” Séjourné said. “Our choices must also be able to meet social and environmental demands, but also sovereignty.”

The legislation, which still has to be adopted by the EU co-legislators — the European Parliament and the EU Council — prompted a swift reaction from China. In a statement released after the commission’s announcement, China’s Chamber of Commerce to the EU said that such a European preference could “distort a level playing field” for Chinese companies participating in the European public procurement market.

“Public procurement should not discriminate against suppliers or goods on the basis of the supplier’s nationality or the country of origin of the goods.”

In March, another proposal creating a European preference in EU strategic sectors such as green tech, cars and energy-intensive industries also prompted Chinese ire, with Beijing threatening to retaliate.

EU Trade Commissioner Maroš Šefčovič will travel to China in early October, hoping to reach a political deal with Beijing to rebalance the trade relationship with the EU.

Published on 09/09/2026 – 19:07 GMT+2•Updated
19:09

The European Commission unveiled on Wednesday a legislative proposal allowing EU public authorities to favour European companies in public procurement for key public services such as energy, water, railways, ports, airports and postal services.

ADVERTISEMENT

ADVERTISEMENT

The move comes as European policymakers seek to shield the bloc’s market from China amid heated trade negotiations, as the EU grapples with a trade deficit with Beijing of roughly €1 billion a day.

Public procurement markets in Europe represent €2 trillion every year — 15% of Europe’s GDP.

“Public money must serve our collective interests,” Commission Vice-President Stéphane Séjourné said on Wednesday. “A public buyer will be able to organise his European preference and to exclude operators coming from countries with which we do not agree on public markets, both on the basis of the nationality of the company or on the base of the origin of the products.”

Under the Commission’s proposal, EU public authorities will be able to exclude non-European companies from public contracts when they come from countries that do not allow Europeans access to their own public procurement markets.

“A municipality will be very clearly able to exclude a Chinese company or a European company that offers Chinese products,” Séjourné added. “It will also be able to give more points and more visibility in his offer to European offers compared to competition offers.”

Swift reaction from China

The Commission proposes that at least 30% of the evaluation of supplies for public procurement rely on quality criteria and not only on price, which will also hit low-cost Chinese products.

“The new standard is the best quality-price ratio, and not just the price,” Séjourné said. “Our choices must also be able to meet social and environmental demands, but also sovereignty.”

The legislation, which still has to be adopted by the EU co-legislators — the European Parliament and the EU Council — prompted a swift reaction from China. In a statement released after the commission’s announcement, China’s Chamber of Commerce to the EU said that such a European preference could “distort a level playing field” for Chinese companies participating in the European public procurement market.

“Public procurement should not discriminate against suppliers or goods on the basis of the supplier’s nationality or the country of origin of the goods.”

In March, another proposal creating a European preference in EU strategic sectors such as green tech, cars and energy-intensive industries also prompted Chinese ire, with Beijing threatening to retaliate.

EU Trade Commissioner Maroš Šefčovič will travel to China in early October, hoping to reach a political deal with Beijing to rebalance the trade relationship with the EU.

The United Kingdom has announced a ban on the import of all goods produced in illegal Israeli settlements in the occupied West Bank, Foreign Secretary Ed Miliband said in Parliament on Tuesday.

It comes in response to an intensifying wave of Israeli settler pogroms and settlement expansions in the occupied West Bank and East Jerusalem.

The ban, set to come into effect within six to nine months, would target settlement exports such as dates, olive oil and agricultural products, with Miliband saying he did not believe “the British people want us supporting the occupation by accepting products from settlements in our shops”.

The International Court of Justice in July 2024 called Israel’s occupation of Palestinian territory “unlawful”. Months later, the United Nations passed a resolution calling for an end to the Israeli occupation within a year.

Israel’s response was furious, as it announced four “counter-measures”, including banning 12 British MPs from entering Israel and closing the British consulate in Jerusalem.

After Miliband’s speech, 11 more countries: Canada, Denmark, Finland, France, Iceland, Ireland, Norway, Poland, Portugal, Spain and Sweden, shared a joint statement supporting the so-called two-state solution and announcing their own intentions to impose restrictions on trade with illegal Israeli settlements.

Spain and Ireland had already announced their own national bans earlier this year, alongside the Netherlands and Belgium.

How much do these countries trade with Israel?

Aside from Canada and the UK, the rest of the countries considering or already banning settlement goods are European Union members.

The EU is Israel’s largest trading partner, accounting for 31.7 percent of Israel’s total trade in goods in 2025 (43.3 billion euros, or $50.4bn), according to the European Commission. The EU supplied 33.1 percent of Israel’s imports (28 billion euros, or $32.6bn) and received 29.4 percent of Israel’s exports (15.3 billion euros or $17.8bn).

Israel is the EU’s 27th largest trade partner, with Ireland, the Netherlands and Germany being its biggest individual trade partners.

According to a 2026 report by Global Echo Litigation Center, a Palestinian rights legal advocacy group, roughly 5,900 shipments from Israel were headed to Europe, with more than 17 percent containing products originating from settlements.

While no specific figures for settlement trade alone are known, it is understood to be a tiny fraction of total EU-Israel trade, meaning the ban’s impact is much more symbolic than economic.

The table below shows each country’s total trade with Israel for the European countries that have banned, or are introducing bans on, illegal Israeli settlement goods.

The top five European trading partners with Israel either enforcing or set to introduce settlement bans are Ireland, the Netherlands, the UK, France and Spain.

Ireland

Ireland-Israel bilateral trade totalled $5.36bn in 2025. Ireland is Israel’s second-largest export market for goods after the United States, driven largely by tech, particularly semiconductors and integrated circuits.

The Netherlands

Netherlands-Israel bilateral trade totalled roughly $4.8bn in 2025. The Netherlands is also Israel’s largest single foreign investor, accounting for roughly two-thirds of all EU investment in the country.

United Kingdom

According to UN Comtrade, UK-Israel bilateral trade totalled $3.73bn in 2025. An Al Jazeera investigation found at least 17 companies linked to illegal Israeli settlements hold more than 2.1 billion pounds ($2.85bn) in UK public-sector contracts.

France

France-Israel bilateral trade totalled $3.62bn in 2025. A large part of France’s trade with Israel constitutes export licences for surveillance and military technologies.

Spain

Spain-Israel bilateral trade totalled $2.79bn in 2025. In September that year, Spain banned the import of goods from illegal Israeli settlements in the occupied Palestinian territory, as well as the trade of arms.

What are Israeli settlements?

Israeli settlements are Jewish-only communities built illegally on Palestinian land.

Settlements are illegal under international law as they violate the Fourth Geneva Convention, which bans an occupying power from transferring its population to the area it occupies.

Illegal Israeli settlements continue to grow, decades after the 1993 Oslo Accords, which established limited Palestinian self-rule and were meant to lead to a permanent peace settlement.

At the time, about 270,000 settlers lived across the occupied territory. Today, that figure has more than doubled to between 600,000 and 750,000 people, about 10 percent of Israel’s Jewish population, living across some 250 illegal settlements in the occupied West Bank and East Jerusalem.

LONDON: Former Israeli Prime Minister Ehud Olmert has voiced support for the UK’s new ban on trade with illegal Israeli settlements.

He told The Guardian that the decision, announced by Foreign Secretary Ed Miliband, “became unavoidable as a result of a continuous effort of ethnic cleansing perpetrated by a large group of Jewish terrorists in the West Bank.”

Olmert added: “The crimes of these terrorists are actively assisted by police and military units over a long period of time.

“The highest levels of government led by Minister of Defence (Israel) Katz and Prime Minister (Benjamin) Netanyahu are actively supporting these terrorists and avoid taking the necessary measures to stop it.”

Olmert’s comments come as Israelis prepare to go to the polls late next month. “Millions of Israelis are appalled by this terror and are actively resisting the terrorists,” he said.

“Sanctions are directed against the terrorists not against Israel, and as such they are unavoidable.”

In announcing the new UK policy, Miliband referenced earlier comments by Olmert, saying: “Ehud Olmert, the former Israeli prime minister, has described what is happening as, I quote, ‘a violent and criminal effort to ethnically cleanse territories in the West Bank.’”

Trade tensions soar as Canada matches US tariffs ‘dollar-for-dollar’, impacting 700 products and multiple industries.

Canada’s retaliatory tariffs on imports from the United States have taken effect, escalating the trade dispute between the two countries.

Tariffs ranging from 15 percent to 50 percent will apply to nearly $20bn worth of US imports from 12:01am ET (04:01 GMT) on Tuesday, matching US-imposed levies on Canadian goods including machinery, textiles and consumer products.

The new retaliatory tariffs apply to products including steel, household appliances, agricultural equipment and dairy.

“Canada will match Washington’s new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses,” Canadian Prime Minister Mark Carney told reporters in late August.

US President Donald Trump announced 50 percent tariffs against Canada in July, citing “discriminatory treatment” of US products. The announcement prompted the countries to enter trade talks in August, but a final deal failed to materialise before a deadline imposed by Trump.

“Canada wants the benefits of being a State, without being one!!!” Trump posted on Truth Social in response to Canada’s announcement in August.

The Canadian government said in a statement that the counter-tariffs will impact more than 700 products, adding that it would launch a $5.42bn support package for affected small and medium-sized businesses and workers.

On the eve of Ottawa imposing its tariffs, Trump threatened to block Canada-based aircraft manufacturer Bombardier from selling its planes in the US unless it began manufacturing them in the country.

The dispute has also extended beyond tariffs, with Trump signing an order last month renaming Lake Ontario “Lake America” for US federal use.

The retaliatory tariffs could place a financial burden on US automakers as Canada is the largest buyer of US-manufactured cars.

Americans could soon see increased prices on 550 consumer goods from Canada. According to a report from the Kiel Institute for the World Economy, US importers and consumers absorb 96 percent of the tariff burden.

Published on
04/09/2026 – 14:51 GMT+2

Brazil’s EU ambassador, Pedro Miguel da Costa e Silva, told Euronews on Friday that an inspection of Brazilian meat was unnecessary, and threatened to retaliate against the EU ban on imports.

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The European Commission’s decision came into force this week, after Brazil was removed from a list of countries complying with EU food safety rules over its use of antibiotics to stimulate animal growth.

An EU audit of Brazilian poultry and honey is ongoing, but the Commission said that Brasília had not provided guarantees that would allow for an audit of its beef.

The EU ban prompted anger from the Brazilian government on Thursday, which threatened to adopt countermeasures.

“Sufficient guarantees”

“There wasn’t a need for an audit, not for poultry, not for honey, not bovine meat, because no audits were conducted for the other countries,” da Costa e Silva said. “We have provided sufficient guarantees.”

The ambassador added that while Brazil will continue discussing the issue with the Commission, “all options were on the table” if the imports did not resume and that Brazil could be “creative” when it comes to countermeasures.

The Commission pushed back on Friday against Brasília’s accusation of unfair treatment, with the Commission’s deputy Chief spokesperson Olof Gill saying: “Our approach is non-discriminatory, and we’ve given our partners sufficient time and all the information they need to adjust.”

The dispute comes as a free trade deal between Mercosur countries — Brazil, Argentina, Uruguay and Paraguay — and the EU provisionally came into force in May, despite strong opposition from EU farmers, who fear that Latin American products that do not comply with the bloc’s phytosanitary and food safety standards will be dumped in Europe.

“Food safety rules are a matter of the highest priority for EU citizens,” Gill added. “These rules have been well known for a long time, with third countries having been informed going back many years.”

The EU introduced new rules to combat antimicrobial resistance in 2018, which have been applied to EU producers since 2022 and to foreign importers since Thursday.

The Iran conflict and disruption to the Strait of Hormuz are forcing major oil importing countries to rethink how they source crude. Countries that once relied heavily on nearby Middle Eastern suppliers are increasingly turning to producers in the Americas and Africa, accepting longer voyages and higher shipping costs in exchange for greater energy security.

Japan Diversifies Its Oil Supplies

Japan is among the clearest examples of this shift. Before the conflict, more than 90% of its crude came from the Middle East, benefiting from short and relatively inexpensive shipping routes.

Since Gulf exports were disrupted, Japanese imports from the United States have surged. Between March and June, Japan imported more than 4.5 million metric tons of US crude, compared with less than 1 million tons during the same period in 2025.

The alternative comes with a cost. US crude takes roughly nine days longer to reach Japan, increasing freight expenses and requiring refiners to adjust their delivery schedules.

Asia Looks Beyond the Middle East

Japan is not alone. South Korea and India are also increasing purchases from suppliers in the Americas and Africa as Middle Eastern shipments decline.

China, the world’s largest crude importer, has relied heavily on strategic reserves to cushion the impact of the conflict. As those reserves are drawn down, Chinese buyers could return to international markets and intensify competition for crude from alternative producers.

The Americas Emerge as Major Suppliers

The disruption has created a major opportunity for oil exporters outside the Middle East.

US crude exports reached a record 61.6 million metric tons in the second quarter of 2026, up 43% from a year earlier. Brazil, Argentina and Guyana have also recorded strong export growth.

Brazilian shipments to India, for example, were three times higher in the first half of 2026 than during the same period in 2025.

Longer Routes, Higher Costs

The new trade patterns are considerably less efficient.

A tanker travelling from major Gulf terminals to India’s western coast can take only three to five days. A shipment from Brazil to the same destination can take around 25 days.

Longer journeys mean higher tanker demand, greater freight costs and more complicated logistics. Yet importers are increasingly willing to absorb those costs because dependence on a single vulnerable supply corridor carries its own risks.

Avoiding Strategic Chokepoints

The shift is also about reducing exposure to vulnerable maritime routes.

The Strait of Hormuz remains a major risk, while geopolitical tensions have reduced traffic through the Suez Canal. Drought has also constrained the Panama Canal.

As a result, importers are increasingly valuing suppliers whose shipping routes can bypass these chokepoints.

A New Global Energy Map

The emerging pattern is creating a more geographically dispersed oil market.

Middle Eastern producers will remain crucial because of their enormous reserves, low production costs and established infrastructure. But Asian buyers are unlikely to forget the disruption caused by the Hormuz crisis.

Regular purchases from new suppliers can therefore become a form of insurance, even after Gulf exports recover.

Analysis

The most important change is that energy security is beginning to outweigh pure economic efficiency.

For decades, Asian refiners benefited from buying Middle Eastern crude because geography made it cheaper and faster. The Iran conflict has exposed the vulnerability of that model. A short shipping route is of limited value if a single geopolitical crisis can disrupt it.

The result could be a lasting diversification of global oil trade. Importers are unlikely to completely abandon Middle Eastern crude, but they may maintain larger relationships with US, Latin American and African suppliers to create alternative sources of supply.

This means the cost of energy security will increasingly be reflected in the global oil market. Longer voyages, higher freight rates and more complex supply chains may become the price importers are willing to pay for resilience.

The broader shift is therefore from an oil market designed primarily around efficiency to one increasingly designed around redundancy and geopolitical risk.

With information from Reuters.

In an exclusive interview, European Union Trade Commissioner Maroš Šefčovič told Euronews that the EU is not in a position to mediate in the trade war between Canada and the United States following the collapse of their trade talks.

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Ten days ago, Canadian Prime Minister Mark Carney walked away from the negotiations with the Trump administration, blaming them for pressuring Canada over the use of the French language.

In the following days, US President Donald Trump announced 50% US tariffs on Canadian cars and trucks, to which Ottawa retaliated with tariffs on more than 700 US imports, worth about $20 billion (€17.2 billion).

“I don’t think that we are in a position to mediate,” Šefčovič said. “At the same time I know that they [Canada and the US] have such a close economic relationship that, despite the current tension, sooner or later there will be attempts to resolve it.”

The Commissioner added that “tariffs are taxes which are paid in the end by the economic operators or by the citizens”, a message he has reiterated several times over the last year during the EU’s own trade dispute with Washington.

“We clearly support free and fair trade with the lower or no tariffs at all,” he told Euronews.

Ready to cooperate

Since the trade talks stopped, Carney has called for a closer relationship between Ottawa and Brussels and announced he will attend European Commission President Ursula von der Leyen’s State of the Union in Strasbourg in mid-September, one of the main events in Brussels’ political calendar.

An EU-Canada summit is also scheduled for later this autumn.

Šefčovič said the Commission is ready to explore “all possibilities” to increase cooperation with Canada, but he added that any new arrangements “would very much also depend on how comfortable the Canadian side would feel and what is its level of ambition”.

He pointed out that after Brussels clinched a trade deal with Ottawa in 2016, trade between the EU and Canada grew by 75% – but he also suggested that the deal could be pushed further.

“On both sides, we have certain elements which we can improve, still certain barriers, certain sensitivities for the products. I really think that we can explore much more that.”

Šefčovič said that a digital agreement might be signed with Canada before the end of the year, and he also cited coming cooperation in critical raw materials with potential joint investments.

Ottawa is seen by Brussels as a like-minded partner sharing its vision of the new global trade order, and Šefčovič hopes to have its backing to get closer to members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which has liberalised trade between 12 countries in the Asia-Pacific region and the Americas, including Canada – but not the US. The UK became the pact’s first and to date only European member in 2024, with Canada ratifying its full accession as of 1 September.

“Canadians are very important partners for forging a new level of cooperation with the CTPPP,” Šefčovič said, “which represents together 40 percent of global trade.”

Beijing must deliver “concrete results” by October or face “harsher measures”, EU Trade Commissioner Maroš Šefčovič has warned in an exclusive interview with Euronews, as Brussels sets an October deadline to rein in China’s record trade surplus with the bloc.

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With talks already underway, Šefčovič said the stakes go well beyond trade, with the future of European industry at play. The next two weeks are set to be crucial, with a video call between the EU’s trade chief and his Chinese counterpart, Wang Wentao, planned for mid-September, as both sides work towards the October deadline.

“This is super political,” he told Euronews, stressing that European leaders want to see results by October. Earlier this week, Commission President Ursula von der Leyen told a business forum in France that dialogue only works if it brings results.

If dialogue does not deliver results, the EU could resort to defensive instruments.

While Šefčovič did not go into detail about what retaliatory measures could look like, he said Brussels is looking to finalise a “diversification instrument” designed with China in mind. He also said the EU is now far more united in its objectives for the negotiations.

“They [EU27] want to see the direction of travel. They want to even have a concept for the solution of this issue, a pilot scheme,” Šefčovič said.

“I’m trying to do it through these negotiations, but they have to bring us very concrete results. Otherwise, of course, there will be a strong political movement to push for, I would say, harsher measures.”

Šefčovič will travel to China in October, ahead of an EU leaders’ summit in Brussels where the issue is expected to be high on the agenda.

All EU countries now run a trade deficit with China.

On the verge of a trade war

Brussels and Beijing have been on the verge of a trade war in recent months following the Commission’s introduction of several measures restricting Chinese companies’ access to the EU market and threats of retaliation from China.

A group of EU officials were in Beijing in recent days, as first reported by Euronews, to push forward the talks. They are expected to return to Europe on Thursday for a debrief.

Despite the sensitive discussions with Beijing, the Commission has already launched several probes into Chinese products over the summer over alleged unfair trade practices. Von der Leyen said the investigations were being stepped up “significantly”.

As pressure mounts ahead of the October deadline, Šefčovič said securing better access for European companies in China would not happen overnight, but stressed that the outline of a deal would be needed to move into a second phase of implementation talks.

“It’s an issue which would require clearly more time than until October,” Šefčovič said. “But what I think it’s very important for us to have by October [is] some kind of proof of concept.”

He added that EU leaders expect the Commission to bring solutions to rebalance the trade relationship, particularly in areas considered “sensitive”, such as “cars, medical devices, agri-food products”.

“We have now unprecedented intensity of our negotiations. I think we never talked to our Chinese counterparts as frequently, as intensely than right now.”

Canadian Prime Minister Mark Carney has reprimanded the United States for what he describes as a flippant approach to the ongoing trade dispute between the two countries.

On Tuesday, Carney hit back against a series of insults and disparaging remarks from US President Donald Trump and his officials, saying that talks can proceed once Washington takes a more serious approach to the issues at hand.

“When the Americans stop doing memes, stop throwing shade and stop trying to be tough, and start being serious about having those discussions, we can have those discussions,” Carney told reporters in Ottawa. “It’s not constructive, but that’s their democracy.”

The Liberal Party leader’s remarks come as tensions flare once again between the US and Canada, which have historically had tight relations.

But Trump’s second terms have caused those ties to fray. Since returning to office in 2025, Trump has imposed a series of tariffs on Canadian products, prompting retaliatory actions.

The latest round of tariffs came on August 22, when negotiations between the two countries fell through.

As a result, 50 percent tariffs were imposed on roughly $20bn worth of Canadian goods. Canada has pledged to respond with tariffs on US goods, worth roughly the same dollar amount, starting on September 8.

In the aftermath of the failed negotiations, Carney blamed the impasse on last-minute US demands.

He accused the Trump administration of seeking to limit Canada’s ability to cement trade deals with other countries and of requesting changes to laws protecting Canada’s French language and culture.

Carney also said Trump’s team attempted to push an asymmetrical deal that would damage Canada’s industries.

“Canada’s a sovereign state. We will strike free trade deals with the countries we wish to strike free trade deals with,” Carney told reporters on Tuesday. He added, “Of course, we’re not going to accept those terms.”

The trade war between the two countries has prompted a surge of nationalism in Canada.

A June poll from the research firm Abacus Data found that national pride surged 12 points in two years, reaching 77 percent this year.

Carney has faced pressure not to yield to US demands. In addition to imposing steep tariffs, the Trump administration has also pushed Canada to cede its sovereignty and become a “51st state” within the US.

Trump has also taken symbolic actions designed to assert US dominance over the two countries’ shared border region. On August 27, the US president signed an executive order directing federal entities to refer to Lake Ontario as “Lake America”.

“They are one of the worst countries in the world to deal with,” Trump said of Canada in a recent radio interview.

Other cabinet-level officials in the Trump administration have echoed Trump’s remarks disparaging Canada.

US Treasury Secretary Scott Bessent told the news outlet CNBC that Canada’s economy is ill-equipped to handle a trade war with the US, and he blamed Carney for escalating the situation.

“Well, I don’t think you can be in a tit-for-tat with someone who’s 13 times larger than you are,” Bessent said on Monday.

Of Carney, he added, “He came to power on an anti-American, anti-Trump agenda. He was 20 points behind in the polls. And then he started this. And it’s unfortunate that he’s not doing what’s best for the Canadian people.”

US Secretary of Defense Pete Hegseth, meanwhile, posted an image of two female Canadian cadets on social media, in an apparent effort to mock the country’s armed forces.

“This is real,” he wrote beneath the image of the two women, alongside an emoji of the Canadian flag.

Hegseth, a former TV host, has frequently castigated efforts to include women, LGBTQ people and racial minorities in the military as “woke” distractions from the US military’s core mission.

When reporters asked Carney to respond to such messages, he replied that such comments were “beneath” the officials’ office.

“Our plan has always been standing up for Canada, first and foremost, here at home,” Carney said.

TORONTO — Canadian Prime Minister Mark Carney told the Trump administration Tuesday to “stop doing memes, stop throwing shade and stop trying to be tough,” as he pushed back against a fresh wave of attacks from Washington.

Carney said U.S.-Canada trade talks could resume if Washington became serious about negotiations, but he also accused the United States of pursuing terms that he said could leave Canadian industries “gradually wound down in Canada and wiped out.”

“When the Americans stop doing memes, stop throwing shade and stop trying to be tough, and start being serious about having those discussions, we can have those discussions,” Carney said. “It’s not constructive, but that’s their democracy.”

His comments came after a new barrage from Washington since trade talks collapsed Aug. 21, including Trump’s move to rename Lake Ontario “Lake America” and social media posts taunting Canada. U.S. Treasury Secretary Scott Bessent also said Canada could not go “tit for tat” with a U.S. economy 13 times larger, while U.S. Secretary of Defense Pete Hegseth mocked female Canadian cadets online.

Hegseth on Monday posted an image from a cadet training center in British Columbia showing two young women in uniform, adding “this is real” alongside a Canadian flag. Carney called the post “beneath their office.”

The Pentagon stood by it Tuesday, with deputy press secretary Jacob Bliss saying, “The X post speaks for itself.”

Carney said the U.S. approach in the talks would have left Canadian industries effectively as subsidiaries of American companies or imposed terms under which they would be “gradually wound down in Canada and wiped out.”

“We’re not going to — of course, we’re not going to accept those terms,” Carney said.

Carney said Washington sought an “uncompetitive” deal for key industries, including autos, while pushing changes affecting French-language and cultural protections. He said any of those issues was enough to block an agreement.

Carney said Washington also sought limits on Canada’s future trade deals. “Canada is a sovereign state. We will strike free trade deals with the countries we wish to strike free trade deals,” he said.

Carney was also buoyed by Monday’s Liberal sweep of three special elections, including a decisive win in Chicoutimi-Le Fjord, Quebec, where the Conservatives fell to third place.

The victories brought the Liberals to 173 seats in the 343-seat House of Commons and reinforced Carney’s position as he confronts Trump over trade and Canadian sovereignty.

Nelson Wiseman, a professor emeritus of political science at the University of Toronto, said Trump’s annexation threats carry particular weight in Quebec. “Quebecers have the most to lose in an apocalyptic scenario where the U.S. absorbs Canada, and the status of the French language disappears,” he said.

U.S.-Canada trade talks collapsed after the two sides failed to reach a deal, and Trump imposed 50% tariffs on roughly $20 billion in Canadian goods. Canada responded with plans for tariffs on U.S. products.

Trump has repeatedly talked about making Canada the 51st state.

Gillies writes for the Associated Press.