Ducking tariffs, Mexico, EU to sign trade deal Friday to diversify supply chains

Mexico and the European Union will sign a trade agreement on Friday aimed at diversifying trade and reducing supply chain risks, the bloc’s foreign affairs chief Kaja Kallas announced during a press conference in Mexico City.

Kallas emphasized strong mutual interest in closer cooperation, speaking alongside Mexico’s Foreign Affairs Minister Roberto Velasco.

Velasco stated that the agreement seeks to boost trade and investment between Mexico and the EU, clarifying that it will not impact Mexico’s relationship with the United States.

Both parties confirmed their commitment to continuing humanitarian aid to Cuba.

On Venezuela, Kallas expressed that Venezuelans should pursue a democratic resolution to their challenges.