January 22, 2026 12:43 PM
EU lawmakers deal blow to Mercosur trade deal by referring it to top court
EU lawmakers voted on Wednesday to challenge the European Union's contentious free trade agreement with South America in the bloc's top court, a move that could delay the deal by two years and potentially derail it. The European Union signed its largest-ever trade pact with Mercosur members Argentina, Brazil, Paraguay and Uruguay on Saturday after 25 years of negotiations. It still requires approval before it can take effect. German Chancellor Friedrich Merz, among the deal's principal backers...