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.

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

Asian shares are mixed after most 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.