U.S. President Donald Trump announced Wednesday that the United States will impose a 15% tariff on South Korean goods in a deal made just ahead of an Aug. 1 deadline.

Under the trade agreement, South Korea will invest $350 billion in key U.S. industries and purchase $100 billion worth of its liquified natural gas

President Donald Trump said on Wednesday the U.S. would charge a 15% tariff on imports from South Korea as part of an agreement to avoid even higher levies.