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الشرق
Europe resets trade ties
Qatar National Bank said the European Union is reshaping its trade partnerships to counter declining confidence in the reliability of the United States and China, diversify its export markets, and secure critical raw materials. Agreements with partners including India, Mercosur and Indonesia are expected to raise the share of the EU’s external trade covered by free trade agreements to 53.3%, up from 46.3% at the end of 2025. Meanwhile, the 15% cap on US tariffs limits European exports’ access to the US market. The agreements also aim to open new markets for European goods and diversify supplies. Europe will remain dependent on China, which controls 90% of global rare-earth refining, but diversifying sources reduces the risk of supply disruptions.
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