Trump threatens to slap 25% tariffs on EU, says bloc was always meant to hurt the U.S.
THE STRATEGIC IMPORTANCE OF THE AGREEMENT On December 6, 2024, the leaders of MERCOSUR and the European Union announced in Montevideo the conclusion of negotiations on the Partnership Agreement between MERCOSUR and the European Union. The announcement allows the preparation of the texts of the Agreement for its subsequent signature and ratification. The result of more than two decades of negotiations, the results achieved by the two regions are transformative from both an economic and political perspective , in addition to reinforcing MERCOSUR as a platform for the international insertion of its Member States. The Agreement will integrate two of the largest economic blocs in the world. Together, MERCOSUR and the EU bring together around 718 million people and a Gross Domestic Product (GDP) of approximately US$22 trillion. [1] When examined by the volume of trade between the two blocs, it is both the largest trade agreement negotiated by MERCOSU...