Farm View: US tariff war could make Mercosur's threat look mild
Foreign ministers and delegates attend the opening session of the LXV Mercosur Summit in Montevideo last December,. Picture: Getty Images
The Mercosur trade deal, hated by farmers and rejected by the EU for more than 20 years, will soon look like the lesser of two evils, as Washington announces unprecedented tariffs.
US President Donald Trump’s plan for a 25% tariff on cars and car parts brought a trade war a step closer. It led Mark Carney, Canada’s new leader, to describe the US as “no longer a reliable partner”, as he explained that Canada will retaliate.
