President Donald Trump announced Wednesday that the United States has struck a trade agreement with South Korea just days ahead of his August 1 deadline.
As part of the deal, South Korea will “give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President,” said Trump in a post on <a href="https://truthsocial.com/@realDonaldTrump/posts/114944494894008041">Truth Social</a>.
“Additionally, South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes,” he added.
Trump said goods from the United States to South Korea would not be subject to tariffs, while South Korean goods sold in the United States would be subject to a 15% tariff. 
South Korea will be “completely OPEN TO TRADE” with the United States, Trump declared.
The 15% tariff is a reduction from the 25% tariff the president had placed on goods from South Korea previously, though both are significantly higher than the tariffs on South Korean goods prior to Trump’s negotiations. The United States-Korea Free Trade Agreement ratified in 2011 <a href="https://kagc.us/biden-vs-trump-where-do-they-stand-on-u-s-korea-trade/">removed</a> tariffs from 95% of goods over its first five years.
The deal came just hours after the president <a href="https://www.dailywire.com/news/other-countries-are-making-offers-trump-announces-oil-reserve-deal-with-pakistan">announced</a> an agreement with Pakistan for a joint United States-Pakistan agreement to develop the latter’s oil resources.
“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,” said Trump in another social media post. “We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!”
Trump, who recently scored <a href="https://www.dailywire.com/news/trump-secures-biggest-of-all-trade-deals-with-eu" target="_blank" rel="noopener">breakthroughs</a> in talks with the European Union and Japan, suggested that other deals may come soon as negotiators rush to strike agreements ahead of his August 1 deadline to raise tariffs again. 
“Likewise, other Countries are making offers for a Tariff reduction,” Trump said. “All of this will help reduce our Trade Deficit in a very major way. A full report will be released at the appropriate time. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!”

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Trump Unveils South Korea Trade Deal, Boasting $350B Investment In U.S.