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“Trump’s policy will lead everyone to agree to develop trade relationships with the rest of the world and therefore also further increase the number of free-trade agreements,” said Jean-Luc Demarty, who headed the Commission’s trade department during the first Trump administration.
Overall, EU countries such as France, Belgium or Austria, which once dragged their feet on opening up their sensitive markets, are starting to see deals as a geopolitical necessity — not just an economic bonus.
A case in point is France, whose entire political class had rejected the EU-Mercosur trade deal as politically and economically toxic, but which is now quietly softening its stance in light of Trump’s trade offensive.
“It doesn’t make sense to remain fixated on Mercosur, which was negotiated on good terms overall,” said Marie-Pierre Vedrenne, a liberal member of the European Parliament who hails from the same Modem party as Prime Minister François Bayrou.
“We need to change our mindset, otherwise we’ll miss out on the advancement of the world,” she added.
The transatlantic trade relationship is Europe’s biggest, with two-way commerce totaling €1.6 trillion. The U.K., China and Switzerland come next. Although the EU and China have explored whether to reset their ties in light of Trump’s tariffs, a trade deal isn’t in the cards — and that’s leading the EU to cast its net more widely.
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