Japan has agreed to let U.S. President Donald Trump decide where $550 billion of Japanese capital will be invested in the United States as part of a trade deal to secure tariff relief, according to a memorandum signed this week.
The agreement, enacted Thursday, requires Japan to fund projects selected by Trump within 45 days or face the return of steep tariffs. Japan had been subject to a 25% levy on exports to the U.S., which is now reduced to 15%.
The memorandum states that profits from the investments will be split evenly until Japan’s principal is repaid, after which the U.S. will take 90% of the returns.
The deal marks the latest step in Trump’s push to reshape global trade under his “America First” agenda. In recent months, his administration has secured revenue-sharing arrangements with U.S. chipmakers over sales in China and taken a golden share in U.S. Steel following its $15 billion takeover by Japan’s Nippon Steel.
The new tariff framework also lowers duties on Japanese cars and car parts from 27.5% to 15%. A U.S. investment committee chaired by Commerce Secretary Howard Lutnick will propose projects for Trump’s approval, with an aim to use Japanese suppliers where possible.
Economists said the arrangement could eventually support Japanese exports, depending on procurement levels.
Foreign ministers from the Organisation of Turkic States (OTS) gathered in Ankara on Thursday to strengthen regional cooperation and finalise prepa...
European Central Bank (ECB) President Christine Lagarde said on Thursday she would step down eight months early, seeking greater freedom to speak o...
The Middle East conflict remains tense as diplomatic efforts continue alongside renewed Houthi attacks. Iran says it remains open to mediation, whi...
Despite losing his bloc's majority in Israel's 120-seat Knesset in a hotly contested election, Prime Minister Benjamin Netanyahu has managed to remain in the lead after 70 per cent of votes were tallied on Wednesday. Figures are subject to change as counting continues.
The Middle East conflict remains tense as diplomatic efforts continue alongside renewed Houthi attacks. Iran says it remains open to mediation, while the Saudi-led coalition says it intercepted a ballistic missile fired towards the kingdom.
Rescuers searched the wreckage of two high-speed trains in central Spain on Thursday as the death toll rose to a provisional 74, making it the country's second fatal high-speed rail disaster this year.
At least 68 people have been killed after two high-speed trains collided in Spain on Wednesday, in the second deadly rail disaster in less than a year on a major route linking Madrid with the southern Andalusia region.
Strengthened U.S.-Central Asia ties reflect a broader trend in international relations, with growing emphasis on developing alternative transit routes and diversifying energy and critical mineral supply networks to gain geopolitical influence.
European Central Bank (ECB) President Christine Lagarde said on Thursday she would step down eight months early, seeking greater freedom to speak out on global issues beyond monetary policy.
Leaders of the Organization of Turkic States (OTS) are meeting in Ankara for their 13th summit, with Türkiye set to take over the rotating chairmanship from Azerbaijan as members seek closer economic, political and defence ties.
Rescuers searched the wreckage of two high-speed trains in central Spain on Thursday as the death toll rose to a provisional 74, making it the country's second fatal high-speed rail disaster this year.
Russian drone strikes killed at least 19 people across Ukraine on Thursday, including 14 at a crowded railway station in Dnipro, three in Kremenchuk and two teenage girls in Chernihiv, Ukrainian officials said.
A six-day U.S.-brokered ceasefire near the Ukrainian city of Kherson has brought a rare respite from Russian attacks, offering war-weary residents a brief return to normality. But fears remain that the violence could erupt again at any moment.
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