The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade.

The United States and the European Union reached a tariff deal Sunday after a brief meeting between President Donald Trump and European Commission Chief Ursula von der Leyen.

The make-or-break talks were meant to head off trade penalties — and promised retaliation from Europe — that could have sent shock waves through economies around the globe.

EU and US trade negotiators were locked in intense talks in the final hours before a meeting between Donald Trump and Ursula von der Leyen in Scotland on Sunday, as Brussels strives for a deal with Wa...

President Donald Trump announced Sunday that the United States and the European Union reached a framework for a trade deal after talks with European Commission President Ursula von der Leyen in Turnb...

Trump, in Scotland for a few days of golfing and bilateral meetings, told reporters upon his arrival on Friday evening that he was looking forward to meeting with von der Leyen, calling her a "highly...