U.S. President Donald Trump said Wednesday that Washington has reached separate trade agreements with South Korea and Pakistan, capping a day of negotiations at the White House and heading off higher duties that were set to take effect on 1 August. Under the deal with Seoul, South Korean exports to the United States will face a 15% tariff, replacing the 25% levy the administration had threatened. Trump added that South Korea agreed to invest about $350 billion in the United States and to purchase roughly $100 billion of U.S. liquefied natural gas and other energy products. He also said Seoul would accept a broader range of U.S. automobiles, trucks and farm goods. Trump separately announced that the United States and Pakistan have finalized a trade accord focused on jointly exploring and developing Pakistan’s oil reserves. The two governments will select an oil company to lead the venture, which Trump suggested could eventually enable Pakistan to export crude to neighboring India. The president said other trading partners are submitting offers to reduce tariffs ahead of next week’s deadline, portraying the agreements as part of a wider effort to narrow the U.S. trade deficit.