President Donald Trump announced a new trade deal with South Korea, which calls for 15% tariffs on goods from there.

The European Union and South Korea have pledged to buy billions of dollars’ worth of energy products under trade deals with the Trump administration, as the White House aims to capitalize on the role of the U.

South Korea pledged to invest $350 billion in the U.S., as well as to lower tariff barriers, as part of the deal.