U.S. Energy Secretary Chris Wright downplayed the risks of climate change as he promoted Washington's return to a "commonsense energy policy" on Thursday, while the Trump administration worked to boost oil and gas sales to Europe and other allies.

The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the European market after Washington imposed new tariffs.

The European Commission is due on Wednesday to unveil plans to loosen rules on corporate sustainability reporting and supply chain transparency that businesses in Europe say impede their ability to compete with China and the U.S.

Canada is also pushing to diversify its exports and set itself a target in 2018 of increasing non-U.S. exports by 50% by 2025.