While the US is bickering, the EU is taking over US soft power through the EU-Mercosur Partnership Agreement (EMPA) and the EU-Mexico Modernised Global Agreement (MGA).
>elimination of tarrifs on 90+% imports and exports on all sides
>recognition of EU GIs, the largest GI annex in history
>all goods must meet EU standards
>EU firms ability to bid for mercosur and mexican public contracts on equal terms
>requires mercosur and mexico to implement the paris climate agreement, to halt deforestation and protect biodiversity, and against overfishing
>EU-style ICS replacing NAFTA arbitration
>requires mercosur and mexico to introduce new anti corruption legislation
>EU annual export could rise by 40%, supporting ~440k EU jobs
>EU GDP to rise by 77.6b