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Euronews
Euronews
Peggy Corlin

France’s united front against Mercosur deal starts to show cracks

Mercosur European Union France Friedrich Merz Commission Euronews United States

France's strong resistance to the Mercosur agreement is beginning to crack in response to concerns over potential restrictions on EU exports to the US.

“Existing and future trade agreements between the EU and other economies (JEFTA [the free trade agreement with Japan], CETA [the free trade agreement with Canada], the free trade agreement Mercosur‑EU) could further cushion tariff shocks linked to US trade policy,” Bank of France’s Governor, François Villeroy de Galhau, said in his annual letter to French President Emmanuel Macron on 9 April.

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