Just over a week ago, the European Union and the South American countries of Brazil, Argentina, Paraguay, and Uruguay signed the Mercosur trade deal (BBC, January 9, 2026). This is currently the EU’s largest free-trade agreement and will need to be ratified by the European Parliament in the next couple of months. While many in the EU claim the deal will greatly benefit “both sides,” European farmers fear cheap South American products will greatly undercut their locally produced goods.