Mercosur’s Pivot After Europe Hits Pause on a Once-in-a-Generation Trade Deal

Key Points Europe postponed the EU–Mercosur pact to January 2026 after Italy joined France in demanding stronger farmer protections. Lula privately warned that if the deal is not finalized “now,” Brazil will not keep pursuing it during his presidency, even as he publicly left room for a January outcome. Mercosur is trying to accelerate at […]