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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Poland plans to expand its armed forces to 500,000 by 2039, including 300,000 active-duty troops and 200,000 reservists, officials said Friday. The enlarged force would feature a new high-readiness reserve unit.
Kyiv is facing its most severe wartime energy crisis, with the capital receiving only about half the electricity it needs, Mayor Vitali Klitschko told Reuters on Friday.
White House announced on Friday the formation of a technocratic committee to oversee the transition of power in the Gaza Strip as part of President Donald Trump's 20-point plan to end the conflict in the territory.
At least four people were injured after a large fire and explosions hit a residential building in the Dutch city of Utrecht, authorities said.
A railway power outage in Tokyo disrupted the morning commute for roughly 673,000 passengers on Friday (16 January) as two main lines with some of the world's busiest stations were halted after reports of a fire.
Russian President Vladimir Putin has warned that the international situation is worsening and that the world is becoming more dangerous, while avoiding public comment on events in Venezuela and Iran.
A SpaceX capsule carrying a four-member crew home from orbit in an emergency return to earth necessitated by an undisclosed serious medical condition afflicting one of the astronauts splashed down safely early on Thursday (15 January) in the Pacific Ocean off California.
President Donald Trump announced Thursday evening that the long-awaited “Board of Peace” to oversee Gaza’s reconstruction has officially been formed.
Ukraine is sending a senior delegation to the U.S. for talks on security guarantees and a post-war recovery package, President Volodymyr Zelenskyy said on Friday, adding that agreements could be signed at the World Economic Forum in Davos next week.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of January, covering the latest developments you need to know.
More than 3,000 people have been killed in Iran’s nationwide protests, according to rights activists, as monitors reported a slight return of internet connectivity following an eight-day shutdown.
Ukrainian President Volodymyr Zelenskyy said on Friday that allied supplies of air defence systems and missiles were insufficient as Russia prepares new large-scale attacks.
Poland plans to expand its armed forces to 500,000 by 2039, including 300,000 active-duty troops and 200,000 reservists, officials said Friday. The enlarged force would feature a new high-readiness reserve unit.
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