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 imports on both sides that might have sent shockwaves through economies around the globe.

TURNBERRY, Scotland, July 27 (Reuters) - European Commission President Ursula von der Leyen met U.S. President Donald Trump on Sunday to clinch a trade deal that would likely result in a 15% tariff on most EU goods, but end months of uncertainty for European Union companies.

The South China Morning Post, a Hong Kong-based English-language newspaper, reported on Sunday that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday,

Commerce Secretary Howard Lutnick joins 'Fox News Sunday' to weigh in on President Donald Trump's tariff plan, a potential EU deal and requirements for TikTok to remain in the U.S. through American ownership.

President Donald Trump is meeting Sunday with European Commission chief Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates with the White House's deadline to impose stiff import taxes looming this week.

On “This Week,” ABC News’ Senior Political Correspondent Rachel Scott reports on President Trump’s visit to Scotland to meet with UK PM Keir Starmer and recap Trump’s visit to the Fed building.