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Trump says Japan to invest in energy, industrial projects in Ohio, Texas and Georgia
Japan's $36 billion initial investment includes a 9.2 GW Ohio gas plant, a Texas oil export facility, and a Georgia synthetic diamond plant to boost U.S. energy and industrial capacity.
- 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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Japan is one of the first countries to commit substantial investments to the US government in return for lower import tariffs.
·Düsseldorf, Germany
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Japan will make the first tranche of investments promised under a trade deal with the United States, Washington announced on Tuesday. The three investments, worth a total of $36 billion, will focus on natural gas, oil and synthetic diamond production, the French news agency AFP reported.
Coverage Details
Total News Sources66
Leaning Left7Leaning Right17Center10Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 21%
C 29%
R 50%
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