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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Major Trade Bloc With Complementary Strengths
- The EU–Mercosur deal removes tariffs on about 90% of goods, creating an almost free trade block of 700m people.
- The pact mainly shifts trade patterns: Europe exports machinery and cars, Mercosur exports agricultural goods and raw materials.
Raw Materials Drive Strategic Value
- Europe gains diversified access to raw materials and Latin America's industries could develop to supply them.
- That access matters for Europe amid competition and supply‑chain concerns with the US and China.
Farmers Blocked The Deal For Years
- Farmers held up negotiations for decades by fearing cheap imports of beef, sugar and cheeses.
- Christian Odendahl notes geographic-indicator protections (like Champagne) were central to EU demands.