MERCOSUR trade agreement delayed till January

Yesterday, German Chancellor Friedrich Merz and Spanish Prime Minister Pedro Sanchez urged EU leaders to support a contentious free-trade pact with the South American bloc mercosur. The pact would create one of the largest trade zones on Earth, encompassing 9 percent of the world’s population and 25 percent of world economic output. French President Emmanuel Macron says the deal, which has been in negotiation for more than 26 years, is “not ready” and worries that cheap agricultural produce from mercosur countries will hurt French farmers. Austria, Hungary and Poland also say the deal should be delayed. Denmark, Finland, Spain and Sweden support Germany. Italy could emerge as the swing vote, and Prime Minister Giorgia Meloni expressed readiness to sign the agreement in January if a few concessions to European farmers were added. For more information on the significance of this particular trade deal, read “America Is Being Besieged Economically,” by Trumpet editor in chief Gerald Flurry.