It replaces the US in the most beneficial ways for Europe, I would say. Mercosur is mostly commodities and no manufactured products, think iron, food (and rare

It replaces the US in the most beneficial ways for Europe, I would say. Mercosur is mostly commodities and no manufactured products, think iron, food (and rare earth). That helps tremendously with the idea of building or improving European own industry. There's a lot of incentives to mercosur to import european machinery and start it's own industrial sector. All in all, mercosur already has strong ties with western europe (Portugal, Spain, Germany, Italy), both historic-cultural and economic, I see this as a huge win