The European Union and Mexico agreed to a revamped free-trade agreement, just as both are under pressure from President-elect Donald Trump, who has threatened them with a new round of tariffs.

The EU has concluded negotiations with Mexico on an updated trade agreement, the European Commission announced in a press release on Friday. Mexico is the EU's second largest trading partner in Latin America after Brazil.

The EU announced an agreement Friday with Mexico to strengthen their trade relations, three days before the inauguration of Donald Trump who has threatened both US partners with tariffs.

The EU and Mexico on Friday agreed a long-delayed trade deal as they seek to reduce reliance on the US ahead of Donald Trump’s return to the White House. The two sides will modernise their existing agreement just weeks after Trump threatened them with tariffs.

The EU announced an agreement Friday with Mexico to strengthen their trade relations, three days before the inauguration of incoming US president Donald Trump, who has threatened both with tariffs.

The European Union and Mexico have agreed to a revamped free-trade agreement days before Trump begins a second term

The agreement aims to boost both trade and economic security by de-risking supply chains, securing a sustainable supply of critical raw materials and tackling climate change, according to a EC statement on Friday.

The European Union and Mexico link arms to fend off the impact of tariffs threatened by incoming U.S. President Donald Trump.

The European Union and Mexico revived a stalled free trade agreement on Friday, days before the return to the White House of Donald Trump, who has threatened both sides with tariffs. The two parties are seeking to update their trade accord from 2000,

The European Union and Mexico agreed to a revamped free-trade agreement, just as both are under pressure from President-elect Donald Trump, who has threatened them with new tariffs.

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