India, July 10 -- European stocks may open mostly higher on Thursday despite U.S. President Donald Trump escalating his tariff campaign, sending letters to six additional countries-Algeria, Iraq, Libya, Brunei, Moldova, and the Philippines-with fresh import duties ranging from 20-30 percent.
The diplomatic relations between the U.S. and Brazil hit an all-time low after Trump slapped a 50 percent tariff on Brazilian goods in response to Brazil's trial of Jair Bolsonaro.
Investors await new updates on a deal between the U.S. and the European Union, following Trump's recent remarks that the 27-nation bloc had become much more cooperative.
EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal ma...