Feb 27 • 04:30 UTC 🇪🇸 Spain El País

The chaos with Trump's tariffs increases pressure on Brussels to apply the EU-Mercosur agreement

The disarray caused by Trump's tariff policies is intensifying pressure on the European Commission to swiftly implement the EU-Mercosur trade agreement as Latin American countries push for rapid ratification.

The current turmoil in transatlantic trade, exacerbated by Donald Trump's tariff policies, is prompting the European Union to strengthen its ties with more reliable trade partners. Following a recent U.S. Supreme Court ruling that has undermined Trump's protectionist measures, the future of the controversial EU trade agreement, concluded last summer, remains uncertain. This scenario is amplifying the urgency for the European Commission to move forward with the provisional application of the significant Mercosur agreement.

Countries within the Mercosur bloc, notably Uruguay and Argentina, have expedited their ratification processes, thereby increasing pressure on EU officials to take concrete steps. The swift actions from Latin America showcase a commitment to the pact that has been years in negotiation, aiming to enhance trade relations with Europe amidst the shifting dynamics caused by U.S. tariffs. This proactive stance reflects a broader strategy by Mercosur nations to secure favorable trade terms and mitigate the unpredictability stemming from U.S. trade policies.

Brussels, faced with the urgency of the situation, is now at a crossroads—balancing its response to the rapid ratification by Latin American states while also considering the implications of Trump's recent tariff decisions. As the EU seeks to fortify alliances with trustworthy partners, the outcome of the EU-Mercosur agreement could redefine trade relationships on both sides of the Atlantic. The continued developments in this context will be pivotal for the economic future of both the EU and Mercosur countries, especially regarding their dependence on stable trade agreements and partnerships.

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