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.
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When I first thought about the idea of a European army, the phrase sounded a little bit like a political catchphrase, something that politicians use without actually having a plan in the background.
The United States will host the 2026 Group of 20 (G20) summit at President Donald Trump’s Doral resort in Miami, Florida, fulfilling a plan the president first proposed during his initial term. The announcement was made Friday in the Oval Office.
A deadly landslide in Sudan’s western Darfur region over the weekend has killed as many as 1,000 people, including around 200 children, aid groups and local authorities said Friday, with rescue operations ongoing.
Anutin Charnvirakul was elected Thailand’s new prime minister on Friday (September 5) after sweeping through a parliamentary vote, defeating the candidate of the once-dominant Shinawatra party and bringing an end to a week of political turmoil and deadlock.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
U.S. Treasury Secretary Scott Bessent on Friday called for a wide-ranging re-examination of the Federal Reserve’s role and authority, including its control over interest rate policy, as the Trump administration steps up its campaign to assert greater oversight over the central bank.
The Trump administration is preparing to introduce new rules that would restrict or potentially block imports of Chinese-made drones and medium to heavy-duty vehicles, citing national security concerns.
British Prime Minister Keir Starmer carried out a major cabinet reshuffle on Friday (September 5), appointing new deputies as well as foreign and interior ministers in a bid to reassert control following the resignation of his deputy, Angela Rayner.
Australian driver Daniel Ricciardo confirmed on Friday (September 5) that his racing career has come to an end, announcing he will take on a new role as a global motorsports ambassador for Ford.
Lebanon’s cabinet on Friday (September 5) endorsed an army proposal to disarm Hezbollah, saying the military would begin implementing it, though without a set timeline and while noting the army’s limited resources.
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