Von der Leyen's Mercosur moment

ANALYSIS: The EU's mega trade deal leaves Australia and the UK exposed.

The iPhone had not even been released, Jiang Zemin was the President of China, the Twin Towers were still standing and Vladimir Putin had only just replaced Boris Yeltsin in the Kremlin when the EU and the Mercosur countries began negotiating their trade agreement.

For a quarter of a century, the two sides have talked, talked, and talked but failed to ag…