The European Union and Mexico secured a fresh trade deal on ahead of U.S. President-elect Donald Trump, who has threatened both regions with steep tariffs on exports, taking office next week.

Mexico and the European Union are announcing a revamped agreement that they said would boost trade and investment, amid Trump's tariff threats.

Ursula von der Leyen casts Europe as an economic heavyweight that can forge new alliances during another “America First” presidency.

The European Union and Mexico reignited a stalled upgrade to their free trade deal on Friday, just days before the return to office of U.S. President-elect Donald Trump, who has threatened both sides with tariffs.

In contrast, trade between Mexico and the European Union reached $84 billion in the same year, according to the EU. Gabriela Siller, director of economic analysis of the local financial group ...

The "global agreement" will expand opportunities in services, strengthen supply chains and bolster investment protections, per spokesperson.

Trump was quoted saying his team was thinking of tariffs around 25% which could be announced on Feb. 1 but offered no other specifics.

Trump, who returns to the White House Monday, has made sweeping threats of tariffs against US trading partners – including the EU, Canada, Mexico and China

EU, GERMAN and Chinese leaders took turns defending global cooperation in Davos on Tuesday as the spectre of new trade wars looms following Donald Trump’s return to the White House. Read more at The Business Times.

As the Commission struggles to find new outlets for its exports, the question of whether this will be enough in the face of the tariffs Donald Trump is threatening to impose remains open. #EuropeNews

Von der Leyen insisted that the United States remains an important partner, taking a conciliatory tone in a speech to the annual meeting of global elites in Davos, Switzerland. The EU's "first priority will be to engage early, discuss common interests, and be ready to negotiate" with Trump, she said.