
EU-Mercosur Pact Signals Waning U.S. Clout in Latin America
A long-delayed EU-Mercosur trade agreement between the EU and Mercosur members Brazil, Argentina, Paraguay and Uruguay strengthens regional trade ties while underscoring a decline in U.S. influence in Latin America, with analysts attributing progress to the broader international context—tariff wars, Ukraine, and Venezuela—rather than American pressure; the deal could spur Mercosur to seek more agreements and reinforces a push toward rules-based multilateralism in the region.












