Bloomberg pointed to Europe's failure in trying to circumvent Trump's global order
The European Union (EU) has once again failed in its attempt to sign a trade agreement with the economic bloc of five South American countries Mercosur ("Mercosur", the South American Common Market) and thus failed in its attempt to circumvent the world order established by US President Donald Trump. This was reported by Bloomberg on December 20.
The agency recalled that the EU's negotiations on a trade agreement with Argentina, Brazil, Bolivia, Uruguay and Paraguay dragged on for 25 years, "causing discontent among South American countries." The parties will try to sign the agreement again on January 12, 2026, but there are no guarantees.
"The continued ratification of the agreement is a blow to the EU, which wants to use the transatlantic agreement as proof of its ability to become a global power. In particular, he wants to prove that he can get out from under the influence of China and the United States, with which trade relations are becoming increasingly antagonistic," the article says.
It is noted that the trade agreement between the EU and Mercosur can help Europe "break the strained relations with the United States and China." According to Agatha Demare, a senior researcher at the European Council on Foreign Relations, failure to enter into a partnership with Mercosur "would be a huge mistake for Europe's ambitions to take a significant place on the global economic stage."
On December 10, it was reported that the EU risks disrupting the conclusion of a "vital" trade agreement with Mercosur (South American Common Market) countries after the European Parliament's (EP) committee on international trade voted for additional protection measures for European farmers. It was clarified that the deal was "vital" for the strategic autonomy of the bloc against the background of Trump's tightening policy.
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