EU-Latin America trade deal: Who wins?

"The EU and the Mercosur trading bloc of five Latin American nations seal a sweeping trade pact. It would create one of the largest free-trade zones in the world, connecting markets with more than 700 million people. A trade pact between the European Union and the Mercosur trading bloc has been agreed after almost 25 years of talks. That's despite opposition from farmers in several European countries. The deal is seen as part of Europe's effort to curb its economic reliance on China."

"And it comes against the backdrop of President Donald Trump's tariffs on countries around the world and his recent military intervention in Venezuela. Also, will Big Oil invest in Venezuela? Plus, are Greenland's vast resources profitable?"

The EU and the Mercosur trading bloc of five Latin American nations sealed a comprehensive trade pact after almost 25 years of negotiations. The agreement would create one of the world's largest free-trade zones, linking markets totaling more than 700 million people. Farmers in several European countries oppose the pact over agricultural competition and standards. European policymakers frame the deal as a measure to reduce economic reliance on China. The pact emerges amid global trade tensions tied to US tariffs and recent military intervention in Venezuela. The agreement raises questions about future Big Oil investment in Venezuela and the profitability of Greenland's vast resources.

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