Group 1 - The luxury industry is facing heightened concerns due to U.S. President Donald Trump's trade policy, which includes a 15 percent tariff on all exports, prompting leaders to seek a swift approval of the EU-Mercosur trade deal [1] - Brazil, as the largest Mercosur nation with a population of approximately 213 million, presents significant opportunities for luxury market expansion, currently protected by an average customs duty of 13.5 percent [2] - Italy's Prime Minister Giorgia Meloni stated that Italy will not approve the trade deal until further revisions are made to protect European farmers from potential cheap imports [3][4] Group 2 - Meloni emphasized that Italy's approval of the Mercosur agreement is contingent upon adequate reciprocity guarantees for the agricultural sector, expressing confidence that these conditions will be met by early 2026 [5] - France's President Emmanuel Macron also indicated that France would firmly oppose the EU pushing through the trade deal without addressing these concerns [5] - The Italian industrial federation Confindustria Moda urged for a swift resolution to the trade deal, highlighting its strategic importance for the European industry, particularly for Italy's textile-clothing-fashion value chain [7][8]