US Edition
Trump says Japan to invest in energy, industrial projects in Ohio, Texas and Georgia
Japan's $36 billion investment includes major projects in natural gas, crude oil exports, and synthetic industrial diamonds, supporting U.S. energy capacity and industrial independence.
- 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.
79 Articles
79 Articles
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…
Japan is one of the first countries to commit substantial investments to the US government in return for lower import tariffs.
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.
The First Japanese Investments in the Us After the Trade Agreement Will Amount to 30.9 Billion Euros
Japan revealed this Wednesday that the first investments in the United States as part of the trade framework agreed last July will amount to 5.62 billion yen (about 30.9 billion euros), out of a total commitment of 80 trillion yen (about 440 billion euros).
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