While America Watches, EU and Mercosur Forge a Massive Free-Trade Zone at Our Expense

After over a quarter-century of negotiations, the European Union and the Mercosur bloc—which includes South America's economic heavyweights Brazil and Argentina—are poised to sign a monumental free-trade agreement. This deal will eliminate tariffs on billions of dollars’ worth of goods, opening one of the world’s largest trading zones with more than 700 million people and accounting for a quarter of global GDP. Who Benefits When America Chooses Isolation Over Engagement? At a moment when the United States has pulled back from robust international trade leadership—exemplified by President Trump’s withdrawal from multilateral deals—the EU-Mercosur pact represents more than just an economic...