By Luciana Magalhaes, Lisandra Paraguassu, Bernardo Caram and Ana Mano
SAO PAULO (Reuters) -Brazil is scrambling to avert punishing 50% U.S. tariffs in a week's time, but high level talks are stalled and U.S. companies are reluctant to confront U.S. President Donald Trump over the issue, officials and industry leaders say.
Trump linked the tariffs, which he has said would come into effect on Aug. 1, to Brazil's treatment of former President... (continue reading...)
By Ahmed Kingimi
MAIDUGURI, Nigeria (Reuters) -Armed attackers ambushed a vehicle returning from a weekly market in the Bokkos area of central Nigeria, killing 14 passengers including women and infants, a local community leader said on Friday.
The attack occurred at about noon on Thursday as the vehicle was carrying people back from the popular Bokkos market in violence-plagued Plateau state.
Farmasum Fuddang, chair of the... (continue reading...)
OTTAWA, July 25 (Reuters) - Canada recorded a sharply higher C$6.50 billion ($4.71 billion) budget deficit for the first two months of the 2025/26 fiscal year as government expenditures grew but revenues stalled, the finance ministry said on Friday.
By comparison, the deficit in the same period a year earlier had been just C$3.82 billion, it said in a statement.
Program expenses rose 4% on increases across all major categories of spending.... (continue reading...)
By Julia Payne and Jan Strupczewski
BRUSSELS (Reuters) -The European Union and the United States could reach a framework deal on trade this weekend, ending months of uncertainty for European industry, EU officials and diplomats said on Friday.
The deal would likely include a 15% baseline tariff on all EU goods entering the United States and probably a 50% tariff on European steel and aluminium, the officials and diplomats said.
... (continue reading...)WASHINGTON (Reuters) -The United States may not reach a negotiated trade deal with Canada, U.S. President Donald Trump said on Friday, suggesting his administration could set a tariff rate unilaterally.
Trump, speaking to reporters as he left the White House for a trip to Scotland, said, "We haven't really had a lot of luck with Canada. I think Canada could be one where there's just a tariff, not really a negotiation."
The two nations are... (continue reading...)
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