EU expands trade deal with Mexico

On Friday, the European Union and Mexico signed a free-trade agreement covering nearly all goods, expanding a 2000 trade pact that cut tariffs on industrial goods. The new agreement could boost Mexican exports to the EU by roughly 50 percent by 2030. European Council President Antonio Costa hailed the agreement as “a true geopolitical statement.” The signing of this trade deal comes as the United States-Mexico-Canada Agreement is under negotiation and shows Mexico’s desire and ability to pivot from the U.S. in favor of Europe.