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 imports on both sides that might have sent shock waves through economies around the globe.

A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of Trump’s new trade deal with the European Union.

Asian stock markets were mixed in early trade Monday as investors await more clarity about the U.S.-EU trade agreement.