EU and Mexico seal trade deal
The European Union and Mexico link arms to fend off the impact of tariffs threatened by incoming U.S. President Donald Trump.
The EU has concluded negotiations with Mexico on an updated trade agreement, the European Commission announced in a press release on Friday. Mexico is the EU's second largest trading partner in Latin America after Brazil.
The European Union and Mexico have agreed to a revamped free-trade agreement days before Trump begins a second term
Trump, who returns to the White House Monday, has made sweeping threats of tariffs against US trading partners – including the EU, Canada, Mexico and China
The EU announced an agreement Friday with Mexico to strengthen their trade relations, three days before the inauguration of incoming US president Donald Trump, who has threatened both with tariffs.
The agreement aims to boost both trade and economic security by de-risking supply chains, securing a sustainable supply of critical raw materials and tackling climate change, according to a EC statement on Friday.
Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of US President-elect Donald Trump,
The European Union and Mexico took action before President-elect Donald Trump—who has threatened both regions with steep tariffs on exports—takes office.
The "global agreement" will expand opportunities in services, strengthen supply chains and bolster investment protections, per spokesperson.
The EU announced an agreement Friday with Mexico to strengthen their trade relations, three days before the inauguration of Donald Trump who has threatened both US partners with tariffs.
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