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. Officials, analysts, and companies in Seoul said the deal removed uncertainty.

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.

World shares are mixed after U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September.