South Korea and the United States said they reached a deal that would set U.S. tariffs on most South Korean goods at 15% in return for $350 billion in investment in the U.S.

U.S. President Donald Trump on Wednesday announced a trade deal with South Korea, setting a 15% reciprocal tariff on the country’s exports to the U.S. U.S. goods will not be charged a tariff, Trump said.