Economist Podcasts Lowering the steaks: a Mercosur deal at last
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Jan 13, 2026 
Join Christian Odendahl, Economics editor for Europe, as he breaks down the newly inked EU-Mercosur trade deal, shedding light on its tariff cuts and the geopolitical landscape. Moeka Iida, a Japanese reporter, discusses the surge of anti-foreigner sentiment in Japan, linking it to tourism and immigration woes. Lastly, Hamish Clayton reveals how Parkrun has transformed public health across Britain by fostering community spirit and inclusivity. Together, they explore trade, politics, and grassroots health initiatives.
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Politics Won The Vote, Not Consensus
- The EU passed the deal by a qualified majority after buying off hesitant governments with extra safeguards and subsidies.
- France and Poland opposed it, while Germany and Spain pushed it through for export opportunities.
Small Economic Gain, Big Geopolitical Signal
- Economic growth effects are small because current trade volumes between the blocs are modest.
- The deal's significance is geopolitical: it diversifies Europe's partners amid US protectionism and Chinese pressure.
A Response To Global Trade Fragmentation
- The deal responds to a retreat from globalization and attempts by the US and China to reshape trade rules.
- Europe and Latin America aim to strengthen ties to withstand future economic coercion.