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Feb 17 • 22:02 UTC • 🇰🇷 Korea • Hankyoreh (KR)

Trump Announces First Project of Japan's $550 Billion Investment in the US, Emphasizing Tariffs

President Trump highlights a $550 billion investment from Japan as a significant milestone in trade agreements, asserting that tariffs played a crucial role in making this possible.

On the 17th of the month, President Donald Trump disclosed the initial projects under Japan's $550 billion investment commitment to the United States. He previously expressed dissatisfaction with the pace of similar agreements with South Korea, hinting at potential tariff increases. In a post on the social media platform Truth Social, Trump stated that the projects were launched in accordance with a historic trade agreement with Japan, mentioning three major initiatives: a liquefied natural gas (LNG) facility in Texas, a large gas power plant in Ohio, and a critical mineral development project in Georgia. Trump emphasized that these initiatives would revive America's industrial base and create hundreds of thousands of jobs.

#us-japan trade #donald trump #investment #tariffs #economic policy
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🇮🇳 India Feb 18 • 03:30 UTC

Deal made between Japan and the US, $550 billion trade deal, Trump said 'Without tariffs...','summary_en':'A significant trade agreement has been reached between the US and Japan, with President Donald Trump announcing a $550 billion investment commitment from Japan.','summary_long_en':'The United States and Japan have reached a substantial agreement regarding trade, with President Donald Trump announcing a record $550 billion investment commitment from Japan into the American economy. Trump described this development as a major milestone in US-Japan relations and highlighted its potential to create millions of jobs and strengthen national and economic security. He emphasized the historic nature of the agreement, noting that it would revitalize the American industrial base and benefit both nations significantly. During his announcement, Trump underscored that this agreement would not have been possible without existing tariffs, suggesting that their imposition has played a crucial role in negotiating favorable terms for the US. He expressed optimism regarding specific sectors, including oil and gas in Texas, power generation in Ohio, and critical minerals in Georgia, indicating potential investment opportunities in these areas. Trump's remarks reflect broader goals of boosting domestic industries and securing strategic resources essential for the country's economic prosperity. Overall, this agreement marks a significant moment in US-Japan trade relations, signaling a shift towards deeper economic collaboration. The implications of this deal may extend beyond immediate economic benefits, potentially impacting geopolitical dynamics in the Asia-Pacific region as both countries navigate their economic strategies amidst evolving global challenges.

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