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Fiat Chrysler, Tupy may lose out if France blocks EU-Brazil trade deal

Ags - Meat/Dairy 196 Brazil 341 Cons. Discr. - Autos 937 Consumer Staples 604 European Union 648 France 140 Materials - Metals/Mining 627 Metals - Aluminum 194 Metals - Steel 433 Trade Deals 895

The French government will reportedly not ratify the EU-Mercosur trade deal due to concerns over the Brazilian government’s climate change and other policies. The slow progress on the deal, initially inked in June 2019, demonstrates the uncertainties in finalizing trade deals with the EU. That may hold lessons for the U.K. and U.S. as they hold negotiations with the bloc. Brazilian exports to the EU are dominated by commodities ranging from metal ores to coffee, though the automotive industry also has significant shipments that could expand if the trade deal is eventually approved. Expor...

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