Japan and the United States have reached a major trade agreement, pledging a total investment of $550 billion to the U.S., with the first wave of $36 billion projects now announced.
Finalized on the 17th.
Worried that delays might lead to problems, they want to secure the benefits as soon as possible.
Trump posted a message to congratulate, and Japan has begun promoting the first batch of investments promised to the U.S. The plan involves investing $3.6 billion in oil, natural gas, and critical mineral projects in the U.S., with key projects going to three states: Texas in the oil and gas sector, Ohio for power generation facilities, and Georgia for critical mineral industries.
Trump said, "Without tariffs, these would all be like mirages in water. In other words, it's all due to my tariffs."
"In my state of Ohio, which I've won three times, the natural gas power plant will become the largest in history, the liquefied natural gas facilities at the Bay of America will promote exports, and further strengthen the nation's energy dominance. Critical mineral facilities will end the foolish reliance on foreign sources."
"The U.S. is rebuilding, re-producing, and also re-winning. This is a very exciting and historically significant moment for both the U.S. and Japan."
The U.S.-Japan agreement was finalized just before Takahiro Tachibana's visit to the U.S., serving as a pass to the White House on March 19.
According to the agreement, once the projects are approved, Japan must complete the funding within 45 working days. If Japan backs out, the U.S. can reclaim part of the profits or impose additional punitive tariffs.
A model of favoritism.
Original article: toutiao.com/article/1857425943360523/
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