President-elect Donald Trump is prompting global governments to rethink their trading relationships, as volatility in business with the U.S. may increase during his presidency.
Countries are trying to diversify their trading relationships to avoid potential damage from a trade war, as highlighted by the EU's recent deal with Mercosur.
The EU's agreement with Mercosur highlights how U.S. exporters could be disadvantaged as South American exports gain better trading terms in European markets.
The U.S. has shifted away from its role as a champion of globalization, marked by Trump's protectionist stance and higher tariffs against allies and competitors.
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