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Last updateThu, 04 Jun 2026 9pm

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Mexico and EU sign historic modernized trade deal

In a landmark move to reduce economic dependence on the United States, Mexico and the European Union (EU) have signed a sweeping modernization of their trade and political partnership. The agreements, finalized at the 8th EU-Mexico Summit in Mexico City, represent the most significant update to bilateral relations in 25 years.

An electric car for under 5,000 bucks

Mexico will officially unveil the prototype of Olinia, the country’s first domestically developed electric vehicle, on June 7. The car is positioned as an affordable urban mobility option at a fraction of the price of Chinese imports and Tesla models currently dominating the market.