U.S. President Donald Trump speaks during an executive order signing in the Oval Office of the White House on September 04, 2026 in Washington, DC. <\/p>\n
Andrew Harnik | Getty Images News | Getty Images<\/p>\n
Hello, this is Justina Lee writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.<\/p>\n
U.S.-Canada trade relations continue to be under strain, with U.S. President\u00a0Donald Trump<\/a>\u00a0on Monday saying that Canadian airplane maker Bombardier<\/a> must build its products locally<\/a> in order to keep selling to the American market.<\/p>\n The European Union, meanwhile, is strengthening its ties with Greenland with a fresh boost in the form of a 200-million-euro funding package<\/a>, amid Trump’s annexation drive for the self-governing Danish territory. <\/p>\n What you need to know today<\/p>\n The hostile trade war between Washington and Ottawa continues to bubble and brew, after Trump<\/a>\u00a0said that Canada’s Bombardier<\/a> must manufacture in the U.S. to retain access to the American market<\/a>.<\/p>\n “NO MORE SELLING BOMBARDIER IN THE UNITED STATES!” Trump\u00a0wrote<\/a>\u00a0on Truth Social. “If they want our Market, they must build here, and stop treating America like a ‘piggybank.'”<\/p>\n U.S. relations with its traditional allies in Europe aren’t doing too good either.<\/p>\n The European Union is seeking to shore up Arctic ties\u00a0with the Greenland<\/a> amid Trump’s continued fixation on the territory, which became a\u00a0major trans-Atlantic issue<\/a>\u00a0at the start of the year.<\/p>\n European Commission President Ursula von der Leyen announced<\/a>\u00a0a fresh funding boost for Greenland with a 200-million-euro ($232.3 million) funding package, which would focus on connectivity, clean energy and critical raw materials. <\/p>\n Speaking of energy: oil prices extended gains Tuesday, after rising to a six-week high<\/a> the day before, as tensions in the Middle East continued to escalate with the U.S. and Iran trading strikes over the weekend. <\/p>\n In the markets, U.S. futures were broadly lower<\/a>, with investors continuing to keep a close eye on Mideast developments. Stock markets in Asia were mixed Tuesday.<\/p>\n The German rocket maker and SpaceX rival Isar Aerospace is looking to increase launches to meet what it claims to be “booming demand.” Chief Commercial Officer Stella Guillen told CNBC that its commercial pipeline exceeds 10 billion euros. <\/p>\n The company successfully reached orbit for the first time<\/a> over the weekend, marking a significant achievement for the commercial space industry in Europe. <\/p>\n \u2014Justina Lee <\/p>\n And finally…<\/p>\n Gasoline prices, over $4 per gallon, hit record high for Labor Day<\/a><\/p>\n A late-summer surge in\u00a0gasoline prices<\/a>\u00a0means drivers are paying more at the pump than they ever have on\u00a0Labor Day<\/a>.<\/p>\n And, since the holiday weekend is one of the busiest travel weekends<\/a>\u00a0of the year, according to rental car company Hertz, that means road trips may be more expensive than usual.<\/p>\n The\u00a0national average<\/a>\u00a0for a gallon of regular unleaded gas was $4.15 on Monday, a\u00a0record high<\/a>\u00a0for the holiday, according to AAA.<\/p>\n The price has never been above $4 per gallon on Labor Day, according to AAA. The previous record was $3.82, reached on Sept. 3, 2012.<\/p>\n \u2014Sarah Agostino<\/p>\n