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.

Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.

US President Donald Trump hailed his close ties with UK Prime Minister Keir Starmer during their meeting, in which they were expected to discuss their trade pact and the wars in Gaza and Ukraine.

Questions, critiques and discrepancies are hanging over the framework agreement, but investors seem to view it as a win all the same.

"Economic growth in the euro zone will be affected, with estimates from international institutions showing a possible reduction in the growth rate by 0.3%-0.4%, which would mean a reduction in economic growth in Romania by 0.15%-0.2%," Concordia macroeconomist Iulian Lolea said.

The EU-US trade deal includes zero tariffs on aircraft, a big win after months of uncertainty. But Trump's tariffs could still weaken travel demand.

The Los Angeles Dodgers are one of the better teams in baseball, but they're going to need to make some trade deadline moves to overcome injury woes.

With LeBron James perhaps mulling a split from the Los Angeles Lakers, it's only fair to wonder whether he might be hearing the siren's song of South Beach again.