EU, Mexico Seal Trade Deal as Trump Threatens Tariffs
Agreement Aims to Slash Tariffs on Cheese, Poultry, Pork, Pasta, Apples, Jams, Chocolate and Wine
Cranes and shipping containers at the Port of Manzanillo in Manzanillo, Mexico. (Mayolo Lopez Gutierrez/Bloomberg)
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The European Union and Mexico agreed to a revamped free-trade agreement, just as both are under pressure from President-elect Donald Trump, who has threatened them with a new round of 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 European Commission statement on Jan. 17. Bilateral trade in goods reached 81.7 billion euros ($84 billion) in 2023 while services trade was 22 billion euros in 2022.
Trump is set to upend international relations wh…
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