TURNBERRY, Scotland, July 27 (Reuters) - The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade.

The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.

The euro rose on Monday following a framework trade deal reached over the weekend between the United States and the European Union.

The euro edged higher on Monday after news of a framework trade pact stuck between the United States and the European Union, the latest in a flurry of deals to avert a global trade war, while central bank meetings in the US and Japan also come into focus.

US President Donald Trump and EU chief Ursula von der Leyen shake on it after "tough negotiations" in Scotland.