U.S. President Donald Trump's import tariffs have breathed life into dormant free trade talks across the globe and driven alliances at an unrivaled pace between partners seeking to offset lost exports to the United States.

Since Trump's reelection last November, the European Union has struck three free trade agreements — with South American bloc Mercosur, Mexico and Indonesia — and has its sights on a fourth, with India, by the end of this year.

The EU is not alone. Mercosur has sealed a free trade deal with the four-nation European Free Trade Area and relaunched negotiations with Canada that were stalled in 2021.