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

The European Union and Mexico secured a fresh trade deal on ahead of U.S. President-elect Donald Trump, who has threatened both regions with steep tariffs on exports, taking office next week.

Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of US President-elect Donald Trump,

The EU has concluded negotiations with Mexico on an updated trade agreement, the European Commission announced in a press release on Friday. Mexico is the EU's second largest trading partner in Latin America after Brazil.

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 two parties are seeking to update their trade accord from 2000,

The agreement aims to boost both trade and economic security by de-risking supply chains, securing a sustainable supply of critical raw materials and tackling climate change, according to a EC statement on Friday.

The European Union and Mexico link arms to fend off the impact of tariffs threatened by incoming U.S. President Donald Trump.

The EU and Mexico have agreed a long-delayed trade deal as they seek to reduce their reliance on the US days ahead of Donald Trump’s return to the White House. After nine years