U.S. President
Donald Trump has welcomed Japan’s pledge to invest nearly $36 billion in oil, gas and critical mineral projects in Texas, Ohio and Georgia. The commitment represents the first tranche of investments by Japan following a
landmark trade deal between the two countries, one in which Tokyo pledged to invest $550 billion in American-based projects and Trump cut tariffs on most Japanese imports to 15%.
“Our MASSIVE Trade Deal with Japan has just launched!” Trump
said Tuesday in a social media post.
“The scale of these projects are so large, and could not be done without one very special word, TARIFFS,” he added.
Japanese Prime Minister Sanae Takaichi
said the projects strengthen the Japan-U.S. alliance and were expected to bring increased sales and business expansion for Japanese companies.
