The framework agreement will likely not do much for economic growth on either side. But it avoids new fissures on other foreign policy issues, particularly the war in Ukraine.

At a meeting with Ursula von der Leyen at Trump’s Turnberry golf resort in Scotland, Trump said the agreement is ‘a good deal for everybody’.

The deal staves off, at least for now, far higher imports on both sides that might have sent shockwaves through economies around the globe.

The framework agreement will likely not do much for economic growth on either side. But it avoids new fissures on other foreign policy issues, particularly the war in Ukraine.

Benjamin Haddad, France’s Europe minister, says deal will ‘bring temporary stability’ but is generally ‘unbalanced’, calling the situation ‘not satisfactory’