The European Union has finalized a trade agreement with Mercosur countries, establishing one of the largest trade zones globally and marking the EU’s largest trade pact to date.
With the possibility of rising tariffs under Donald Trump, the EU's deal aims to strengthen trade ties with South America amid concerns of a fragmented global economy.
France remains the primary opponent of the trade deal, voicing fears of cheap agricultural imports hurting local farmers, yet it lacks sufficient support to prevent ratification.
The impending trade agreement would eliminate tariffs on significant products, including meat, cars, wine, and chocolate, impacting both sides economically if ratified.
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