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Stock photo: Unsplash
The Context
Mercosur is being tested by two presidents who cannot stand each other. Pena’s argument is that the institution absorbs personal conflict, which matters because the bloc sets tariff and rules-of-origin terms for most South American trade.
The Takeaway
- Mercosur appears to be outlasting the Milei-Lula rift at an institutional level.
- Rules of origin across the bloc are steadier than the political headlines imply.
- Keep South American sourcing plans intact, because the framework is holding for now.
Source: En