EU, Trump and trade deal
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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.
During his visit to Scotland, President Donald Trump has so far struck a trade deal with the European Union, helped negotiate a cease-fire between Thailand and Cambodia, met British Prime Minister Sir Keir Starmer, and warned Vladimir Putin that his patience is running out over the war in Ukraine.
Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.
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"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."
President Donald Trump arrived in Scotland on Friday to visit both his Turnberry and Aberdeen golf properties.