Official announcements from the U.S. government or relevant trade authorities

EU and Mexico Finalize Modernized EU-Mexico Global Agreement Days Before Trump's Inauguration Amid Tariff Threats

Jan 17, 2025, 02:41 PM

The European Union and Mexico have finalized a modernized free-trade agreement, updating the EU-Mexico Global Agreement in place since 2000. This move comes as both regions face tariff threats from U.S. President-elect Donald Trump. The agreement aims to enhance economic ties and cooperation in areas such as climate action, human rights, and sustainable development. The timing of the deal is notable, as it was concluded just days before Trump's inauguration, amidst his promises of imposing new tariffs on Mexico and other trade partners. The European Commission and key trade MEPs have welcomed the agreement, highlighting its importance in reinforcing open, fair, and rules-based trade amidst rising protectionism.