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Una Hajdari

Pasta la vista tariffs: EU–Australia deal puts olive oil, sausages and honey on discount

European Union Australia United States Bruegel Donald Trump von der Leyen Europe Mercosur the European Commission

It took eight years, fifteen rounds of talks, one suspended negotiation in 2023 and one global trade war. And now, finally, a long-awaited agreement.

This week, European Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese shook hands on a free trade agreement that promises to reshape the commercial relationship with Europe's seemingly least complicated trading partner — an enviable feat in tense times for international trade.

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