E.U., spurred by Trump, to sign free-trade deal with South America
Key Points:
- The European Union is poised to sign a landmark trade agreement with Mercosur, a South American trade bloc including Brazil and Argentina, creating the world's largest free-trade zone.
- The pact has been in development for over 25 years and aims to promote open global markets amid rising protectionism, particularly from the United States under President Donald Trump.
- EU leaders view the agreement as a demonstration of their commitment to maintaining international trade norms and strengthening economic ties beyond traditional alliances.