this post was submitted on 02 May 2026
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[–] panthera_@lemmy.today 1 points 5 days ago (1 children)

Good. This will make Trump notice that he is forcing the EU to seek business outside the US.

[–] RIotingPacifist@lemmy.world 1 points 5 days ago* (last edited 5 days ago) (1 children)

Not really this is a trade deal that has been negotiated for a long time. Plus US->EU is largely services, oil/gas & pharmaceuticals, this is competition largely for agricultural imports that risks increasing deforestation & hurting European farmers, in exchange for opening up South American markets to EU services & manufactured exports.

https://trade.ec.europa.eu/eu-footprint-us/home

https://www.consilium.europa.eu/en/infographics/eu-mercosur-trade/

I could be wrong but I think this is more of a threat to the US in terms of trying to move in on the US sitting on the highest value positions of the supply chain for South America.

[–] panthera_@lemmy.today 3 points 5 days ago

I think the deal offers some protection for European farmers by setting quotas on the amount of agricultural imports.