Trump slapped a 50% tariff on Brazil, and Brazilian President Luiz Inacio Lula da Silva said his country would respond.

Shares of European wine and spirits distillers were given a boost during overseas trading thanks to efforts by the European Union to seek an exemption from U.S. trade tariffs. Shares of Remy Cointreau SA (OTCPK:REMYF) (OTCPK:REMYY),

America’s largest trade partner is awaiting word on whether U.S. President Donald Trump will impose punishing tariffs on its goods.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), a Swedish company, repeatedly cautioned this year that any US tariffs on European imports could affect its profit margins by around one percentage

Making AI-chip monster Nvidia (NVDA.O) the first company to be valued at $4 trillion briefly on Wednesday, investors parsing another wave of tariff hikes and confusion seem keener to look through the fog and bank on long-term themes regardless.

The pause on the biggest of Trump's tariffs won't pass this week, as planned, but the problems they present still loom large.

(Reuters) -European shares rose on Thursday, underpinned by mining stocks, as investors awaited progress on a potential trade deal between the United States and the European Union. The pan-European STOXX 600 index was up 0.5% at 552.45 points, as of 0709 GMT.

U.S. Secretary of State Marco Rubio met counterparts in Southeast Asia on Thursday during his first visit to the region since taking office, reassuring them it is a priority for Washington, despite President Donald Trump's tariffs.

The European Union expects to find out on Monday whether President Trump will impose more tariffs, in a move economists have warned would have repercussions on both sides of the Atlantic.