Trump unveils first Japan investments under trade deal with US
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The US and Japan have announced the first projects funded by their $550 billion investment fund, established under a trade and economic agreement. US President Donald Trump revealed that the initial investments will support a gas power plant in Ohio, a critical minerals site in Georgia, and a liquefied natural gas facility in Texas. The fund aims to stimulate Japanese investment in key US sectors, a central component of a tariff deal reached last year. Project selection involves a joint panel and recommendations from an investment committee, with final approval by Trump. This announcement comes ahead of a planned meeting between Japan’s Prime Minister Sanae Takaichi and President Trump.
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AI-ExtractedThe US president agreed to set levies at 15 per cent on imports from Japan, lowering the tariff for cars.
The scale of these projects are so large, and could not be done without one very special word, TARIFFS.
The first tranche of money would go towards an Ohio gas power plant, a critical minerals site in Georgia and a liquefied natural gas facility in Texas.
The US and Japan unveiled the debut projects of a US$550 billion investment fund.
The fund is meant to spur a wave of Japanese investment in key US industries.
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