“Mexico First” policy shines through in new EU trade deal

For all its contrasts with Trump, the EU-Mexico trade agreement reflects changing times.

The Big News Breakdown. Unpacking this week’s most important news.

It has been the most underrated trade news development in Mexico for years—probably because it went to plan and without a hitch.

Last week, European Union officials—including president of the European Commission Ursula Von der Leyen—arrived in Mexico City to sign an update of the comprehensive EU-Mexico trade treaty, the Modernised Global Agreement.

It looked and felt like a triumph of the free trade partnerships of years past. The updated treaty now allows 99% of products to be tariff free—including Mexican agricultural exports that EU protectionism held back in the original agreement signed in 2000.