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

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 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 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 European Union and Mexico secured a fresh trade deal before President-elect Donald Trump—who has threatened both regions with steep tariffs on exports—takes office.