We all win worldwide because this is an axis of trade which has bypassed the WH and avoided BRICS. Huge populations, huge economic upsides.
[0] https://www.politico.eu/article/eu-mercosur-trade-deal-the-w...
I think this will only push euroscepticism and opposition to Macron and his allies so next elections have become even more interesting to watch. Short term we see the fall of another PM.