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The Economic Times
The Economic Times
Business

Mexico, EU lower tariffs in bid to grow non-US trade

European Union Mexico United States Claudia Sheinbaum Donald Trump Europe

The European Union and Mexico on Friday signed a deal reducing tariffs on each other's goods as both seek to lessen their dependence on trade with the United States.

The expansion of an accord dating to 2000 comes as Mexico fights hard to preserve a three-way free trade agreement with the United States and Canada, which is crucial to all three economies.

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