Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs
Friday, 17 January 2025 () Mexico and the European Union are announcing a revamped agreement that they said would substantially increase trade and investment. The announcement Friday comes days before the inauguration of U.S. President-elect Donald Trump, who has threatened to slap sweeping tariffs on Mexico and other trading partners. While an updated agreement with the E.U. could mitigate some of the potential losses from disrupted U.S.-Mexico trade, trade between Mexico and the European Union still represents only a small portion of Mexicoβs annual trade with the United States.
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