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Trump says Japan to invest in energy, industrial projects in Ohio, Texas and Georgia
Japan's initial $36 billion investment includes a 9.2-GW natural gas plant, crude export facility, and synthetic diamond plant to create jobs and bolster US energy security.
- On Tuesday, President Donald Trump announced Japan's first round of investment projects totaling $36 billion in Texas, Ohio, and Georgia, the U.S. Commerce Department said.
- The projects stem from a $550 billion pledge by Japan tied to cutting threatened U.S. tariffs from 25% to 15%, ahead of Japanese Prime Minister Sanae Takaichi's March 19 visit.
- In Ohio, the Portsmouth power plant will generate 9.2 gigawatts and is valued at $33 billion, as detailed by the Commerce Department.
- The Gulf export facility could generate $20-30 billion annually, the U.S. could claw back revenues or reimpose tariffs if Japan does not fund projects, and the Nikkei rose as investors bought related stocks.
- Japanese officials note that projects will be selected by a joint panel and funded within 45 business days based on committee recommendations, with final approval by Trump.
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Trump: Japan to invest $36B in U.S. energy, mineral projects
(The Center Square) – Japanese companies will finance investments valued at $36 billion in energy and minerals projects in Ohio, Texas and Georgia as part of a trade agreement that will cut U.S. tariffs on Japanese imports to 15%, according…
Washington, United States. The U.S. announced Tuesday a first phase of Japan’s investments, as part of Tokyo’s $550 billion promised in a trade agreement with President Donald Trump. Japan’s first commitments amount to $36 billion for three infrastructure projects, in exchange for the U.S. guaranteeing lower tariffs on imported products. “Japan now officially advances, and financially, with the FIRST investment package under its $550,000 million…
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Leaning Left11Leaning Right20Center14Last UpdatedBias Distribution44% Right
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C 31%
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