EU, Australia seal trade deal as Western countries hedge against U.S. risks

The EU and Australia agreed a sweeping trade deal, marking a significant bilateral policy shift. The pact signals allied efforts to rethink economic ties amid deepening geopolitical uncertainty and could alter trade flows and supply-chain alignment between Europe and the Asia-Pacific region.

Analysis

The EU and Australia agreed a sweeping trade deal, marking a significant bilateral policy shift. The pact signals allied efforts to rethink economic ties amid deepening geopolitical uncertainty and could alter trade flows and supply-chain alignment between Europe and the Asia-Pacific region.