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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A second U.S.-sanctioned supertanker has entered the Gulf via the Strait of Hormuz, shipping data showed, despite a U.S. blockade on vessels visiting Iranian ports.
Optimism grew on Thursday that the war in the Middle East may be near an end, with a key Pakistani mediator in Tehran and the administration of President Donald Trump talking up hopes for a deal that would open the crucial Strait of Hormuz.
The U.S. and Iran could resume peace talks over the next couple of days, U.S. President Donald Trump has said. Talks between Israel and Lebanon were held in Washington yesterday. Fuel prices have dropped below $100 a barrel. U.S. blockade on Iranian ports completes first day.
Kazakhstan and Türkiye are intensifying efforts to expand economic cooperation, setting a target to increase bilateral trade to $15 billion as both countries build on steady growth and broaden investment ties.
A preliminary round of Lebanon-Israel talks has concluded in Washington, marking a tentative diplomatic step as regional tensions rise. The development comes as the United States launches a naval blockade of Iranian ports.
Greenland’s prime minister has appointed his predecessor to oversee foreign affairs, as pressure from Washington intensifies over the Arctic island’s future.
Spain’s plan to grant legal status to hundreds of thousands of undocumented migrants is facing early resistance, with immigration officers warning they may strike over a lack of preparation and resources.
The U.S. and Iran could resume peace talks over the next couple of days, U.S. President Donald Trump has said. Talks between Israel and Lebanon were held in Washington yesterday. Fuel prices have dropped below $100 a barrel. U.S. blockade on Iranian ports completes first day.
Dubai’s most iconic hotel, the Burj Al Arab, is set to close for the first time since opening in 1999 as it begins an extensive 18-month refurbishment aimed at preserving its status as a global symbol of luxury.
Relations between China and Russia are gaining fresh momentum, with recent developments highlighting closer military and diplomatic cooperation.
France is set to vote on a controversial law targeting what it calls “new forms” of antisemitism, sparking sharp divisions and raising concerns over free speech, criticism of Israel and the protection of Jewish communities.
Hungary’s election winner, Péter Magyar, said on Wednesday his cabinet could be sworn in by mid-May, with Magyar taking office as prime minister, and pledged swift action to unlock billions in suspended European Union funding.
A former NATO chief and senior figure the UK's ruling Labour Party has launched a sharp attack on Prime Minister Keir Starmer, accusing his government of failing to adequately fund defence.
Russia has signalled it is ready to increase energy supplies to China, underscoring deepening ties between the two powers ahead of an expected visit by President Vladimir Putin.
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