The signing comes as Latin America is still reeling from Trump's ousting and capture of Venezuelan leader Nicolas Maduro The South American trade bloc Mercosur and the European Union will sign on Saturday a deal 25 years in the making to create one of the world's largest free trade areas at a time of growing protectionism and volatility.

The European Parliament is considering putting on hold the European Union's implementation of the trade deal struck with the United States in protest over threats by U.S. President Donald Trump to seize Greenland.

South American bloc Mercosur and the European Union will sign a deal later today that has been 25 years in the making; It will create one of the world's biggest free-trade areas at a time of growing protectionism and volatility.

The trans-Atlantic trade deal — lifting tariffs on products ranging from Argentine steaks and Brazilian copper to German cars and Italian wine — still has to be ratified by the European Parliament.

A mega trade deal clinched between the European Union and South America’s biggest economies after a quarter-century of talks may signal the limits of the Trump administration’s pressure tactics in the region,