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),

U.S. President Donald Trump turned his trade ire against Brazil on Wednesday, threatening Latin America's largest economy with a punitive 50% tariff on exports to the U.S. and ordering an unfair trade practices investigation that could lead to even higher tariffs.

President Trump has announced — but postponed the effective date for — higher tariffs once again. Here's what to know about the latest on his tariff policy.

European stocks advanced on Thursday, supported by gains in mining shares, as investors looked for signs of progress in trade talks between the United States and the European Union.

(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.

Asia shares on Thursday rode the high from Nvidia's (NVDA.O) brief rise to a $4 trillion valuation and futures pointed to similar gains in Europe later in the day, even as Trump dealt his latest blow to the global trade landscape.

Former U.S. President Donald Trump has announced new tariffs on copper imports and goods from Brazil, citing national security concerns. The decision has sparked concerns of a trade war, particularly with Brazil,

"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.

The European Union will not receive a letter from the U.S. setting out higher tariffs, EU sources said on Monday, and the bloc is eyeing possible exemptions from the U.S. baseline levy of 10%. European real estate shares fell 0.6%, while basic resources were up 0.7%.