3 Major Trade Deals Reshape Global Commerce in 2026, Bypassing US Involvement

January 2026 witnessed a tectonic shift in global trade dynamics as three landmark agreements emerged without US participation. The European Union spearheaded two major pacts—one with India establishing a free-trade zone covering 2 billion people, and another with MERCOSUR nations that will phase out tariffs on 91-92% of exports over 15 years. Meanwhile, Canada and China advanced negotiations on tariff reductions for electric vehicles and other strategic goods.

These developments signal a reconfiguration of economic alliances amid lingering effects of Trump-era protectionist policies. The EU's dual deals position it as the dominant architect of new trade frameworks, with its $467 billion investment stake in MERCOSUR underscoring the bloc's economic heft. Market analysts note the absence of cryptocurrency-specific provisions in these agreements, though blockchain infrastructure may play a role in implementing cross-border trade mechanisms.