Japan and the United States reached a $550 billion trade agreement, with the U.S. securing 90% of the investment returns.

The White House released the full text of the Japan-US trade agreement!

The White House on the 23rd published the detailed content of the agreement reached with Japan in the trade measures negotiations.

In order to rebuild and expand the U.S. basic industries, Japan will invest 55 billion U.S. dollars, equivalent to about 8 trillion Japanese yen. "According to the President's instructions, this money will be focused on activating the U.S. strategic industrial base."

The specific fields include energy infrastructure and production such as liquefied natural gas, manufacturing and research and development of semiconductors, mining and processing of important minerals, manufacturing of pharmaceuticals, and construction of civilian and military ships.

On this basis, it will ensure that the United States receives 90% of the profits from the 55 billion U.S. dollar investment operations by Japan.

For products manufactured or produced in the United States, Japan agreed to expand market access.

In particular, in the agricultural and food sectors, Japan will immediately increase the import of American rice by 75%, and will also purchase 8 billion U.S. dollars worth of American corn, soybeans, and bioethanol, equivalent to about 1.2 trillion Japanese yen.

In the energy sector, in addition to significantly expanding energy exports from the United States to Japan, the U.S. and Japan will discuss contracts for purchasing Alaska liquefied natural gas.

Additionally, in the manufacturing and aerospace industries, Japan, in addition to purchasing 100 Boeing aircraft, will annually purchase billions of dollars worth of U.S.-made defense equipment to strengthen the security and interoperability of the alliance in the Indo-Pacific region.

In the automotive sector, long-term restrictions on U.S.-made cars and trucks were lifted, and U.S. car standards were recognized for the first time in Japan.

The United States imposes a 15% import tax on goods from Japan.

The White House emphasized: "This historic agreement reflects the strength of the U.S.-Japan relationship, and Japan sees the United States as the most attractive and secure strategic investment destination in the world."

Original: https://www.toutiao.com/article/1838488663209984/

Statement: The article represents the personal views of the author.