Edinburgh, Jul 27 (AP) The United States and the European Union announced a trade framework Sunday after a meeting between President Donald Trump and European Commission chief Ursula von der Leyen.

“It was a very interesting negotiation. I think it's going to be great for both parties,” Trump said after the talks at his golf course resort near Turnberry, Scotland.

For months, he has threatened most of the world with steep tariffs in hopes of shrinking large US trade deficits with many key trading partners.

The US and EU seemed close to a deal earlier this month to ease the prospect of duelling tariffs, but Trump instead threatened a 30 per cent tariff rate.

The agreement comes before a Trump administration deadline to impose tariffs on Friday. (AP) RD RD

Trade framework announced to avert proposed tariffs after high-level talks, pausing imminent tariff imposition between major trading partners. Announcement of a trade framework establishes a negotiated mechanism to address proposed tariff measures and to defer imminent tariff imposition following high-level discussions. The framework replaces unilateral tariff threats with a structured agreement to manage trade frictions, functioning as a short-term de escalation measure tied to ongoing negotiations and suspending an administratively imminent tariff deadline while preserving the option to revisit tariff tools if talks do not produce durable commitments.