The Mercosur-EU Free Trade Agreement and EU Steel Tariffs13 January 2026 – After 25 years of negotiations, the Mercosur-EU free trade agreement is nearing completion – but now, of all times, a new dispute is looming. While the EU promises duty-free access to steel, it is simultaneously preparing drastic protective measures. This contradictory trade policy on the part of the EU could jeopardise the agreement even before it is ratified. Source