EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.

Donald Trump has agreed a trade deal with the EU Commission president after he played a round of golf on the second full day of his visit to Scotland. The US president shook hands on the deal with Ursula von der Leyen at his luxury Turnberry resort, saying: "It's going to bring us closer together... it's a partnership in a sense."