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.

The European Union said on Monday it would delay its countermeasures against President Donald Trump’s tariffs by six months. “On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J.

South Africa faces a 30% tariff on its exports to the United States starting next week, a move expected to cost tens of thousands of jobs after the country failed to secure a trade deal before a deadline set by U.