BRUSSELS (Reuters) -The European Union and United States will develop a metals alliance to mitigate the impact of subsidised Chinese production on global markets as part of their trade deal, European Trade Commissioner Maros Sefcovic said on Monday.

While Mexico ranks as the largest single-country U.S. trading partner, the EU as a 27-nation bloc is larger, and EU trade policy is handled centrally. In 2024, the U.S. imported about $606 billion in goods from the EU and exported around $370 billion.

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal

France denounced the trade agreement between the European Union and the U.S. as a "submission" on Monday though other EU states largely backed a deal they acknowledged was lopsided but which averts an economically damaging trade war with Washington.

Earlier this month, EU foreign policy chief Kaja Kallas said Israel had agreed to expand humanitarian access to Gaza, including increasing the number of aid trucks, crossing points and routes to distribution hubs.

A new trade deal imposing 15% tariffs on EU imports to the U.S. currently excludes the wine and spirits industry. Spirits stocks reversed early gains Monday as uncertainty around their tariff exposure seeped in.

Wall Street looked set for a higher open on Monday, as the trade agreement between Washington and the European Union bolstered sentiment at the start of a pivotal week featuring megacap earnings, a Federal Reserve meeting,