President Donald Trump announced Wednesday that the United States has struck a trade agreement with South Korea just days ahead of his August 1 deadline.

As part of the deal, South Korea will “give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President,” said Trump in a post on Truth Social.

“Additionally, South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes,” he added.

Trump said goods from the United States to South Korea would not be subject to tariffs, while South Korean goods sold in the United States would be subject to a 15% tariff.

South Korea will be “completely OPEN TO TRADE” with the United States, Trump declared.

The 15% tariff is a reduction from the 25% tariff the president had placed on goods from South Korea previously, though both are significantly higher than the tariffs on South Korean goods prior to Trump’s negotiations. The United States-Korea Free Trade Agreement ratified in 2011 removed tariffs from 95% of goods over its first five years.

The deal came just hours after the president announced an agreement with Pakistan for a joint United States-Pakistan agreement to develop the latter’s oil resources.

“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,” said Trump in another social media post. “We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!”

Trump, who recently scored breakthroughs in talks with the European Union and Japan, suggested that other deals may come soon as negotiators rush to strike agreements ahead of his August 1 deadline to raise tariffs again. 

“Likewise, other Countries are making offers for a Tariff reduction,” Trump said. “All of this will help reduce our Trade Deficit in a very major way. A full report will be released at the appropriate time. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!”

President Donald Trump said on Wednesday that former House Speaker Nancy Pelosi (D-CA) should be investigated for insider trading.

The former speaker, along with her venture capitalist husband, has faced allegations of insider trading as her investments outperformed almost every major hedge fund in 2024, the New York Post reported.

“You know, Nancy Pelosi became rich by having inside information. She made a fortune with her husband, and I think that’s disgraceful,” Trump said during a press conference at the White House.

“And what I do think is Nancy Pelosi should be investigated, because she has the highest return of anybody practically in the history of Wall Street, save a few,” Trump added. “And how did that happen? It happened by she knows exactly what’s gonna happen, what’s gonna be announced, she buys stock, and then the stock goes up after the announcement’s made. And she ought to be investigated.”

.@POTUS: "Nancy Pelosi became rich by having inside [trading] information. She made a fortune with her husband — and I think that's disgraceful … She ought to be investigated." pic.twitter.com/N8ydC2jGhF

— Rapid Response 47 (@RapidResponse47) July 30, 2025

Pelosi denied Trump’s allegations, calling them “ridiculous.”

“In fact, I very much support [stopping] the trading of members of Congress, not that I think anybody’s doing anything wrong. If they are, they are prosecuted, and they go to jail,” Pelosi said during an interview on CNN.

“But I have no concern about the obvious investments that have been made over time,” she added. “I’m not into it, my husband is, but it isn’t anything to do with anything insider.”

Trump’s comments come as the White House pushes back on Sen. Josh Hawley’s (R-MO) legislation moving through Congress that bans members of Congress, presidents, and vice presidents from trading stocks. Earlier on Wednesday, Trump said he “conceptually” supported the bill and said he would “take a look at it,” but later, he sounded off on social media, ripping Hawley for voting with Democrats and saying that the senator “blocked a Review, sponsored by Senator Rick Scott, and with the support of almost all other Republicans, of Nancy Pelosi’s Stock Trading over the last 25 years.”

In order to get Democrats on board and get the bill out of committee, Hawley added bans on stock trading for the president and vice president, Axios reported. A Senate panel advanced this version of the bill on Wednesday. Hawley voted with Democrats to advance the bill, with the other Republicans voting against it. It could now get a vote by the full Senate, which has a 53-seat GOP majority.

Pelosi also endorsed the bill.

“We must have strong transparency, robust accountability and tough enforcement for financial conduct in office because the American people deserve confidence that their elected leaders are serving the public interest — not their personal portfolios,” Pelosi said in a statement. “I strongly support this legislation and look forward to voting for it on the Floor of the House.”