EU Eyes Another Trade Deal as Wait for U.S. Drags On

• Europe isn’t wasting much time expanding its global trading relationships while President Donald Trump shreds the U.S. playbook on multilateralism and tries elsewhere to overhaul the rules of international commerce.
• As Trump charted his “America First’’ political course in 2016, the European Union restarted negotiations with the Mercosur group of countries including Argentina, Brazil, Paraguay, and Uruguay.
• Those talks may be close to becoming the EU’s next big deal in the Trump era, with two-way trade in goods valued at 85 billion euros ($96 billion).
• Chief negotiators from the two regions are holding technical discussions this week in Brussels, and if successful, will lead to a political meeting next week to iron out final details.

 (Source: Bloomberg)