EU proposes Canada as first associate member at Canada-EU summit

■ Steady

EU proposes Canada as its first associate member amid tensions over US tariffs

At the Canada-EU summit on Wednesday, the EU proposed making Canada its first associate member, amid tensions over US tariffs. Canada also signed a trade deal with the UAE as it pushes for non-US markets, while internal documents say it faces an EU carbon tariff threat within months. On Tuesday, US Trade Representative Jamieson Greer warned that a $3.4 billion European Investment Bank loan to Airbus could jeopardise the US-EU tariff truce.

• Greer said his office had received no details about the loan, announced in June, and urged the EU to resolve the matter quickly.
• The Canada-UAE agreement aims to cut tariffs, reduce red tape and improve market access.
• European wholesale gas reached €97 per megawatt-hour on Monday, the highest since 2022, amid fears of Middle East supply disruption.