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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Deaths linked to nationwide protests in Iran have risen to more than 500, according to a U.S.-based rights group, as Tehran warned it would retaliate against U.S. military targets if Washington intervenes.
The United Kingdom has launched Project Nightfall, a fast-track programme to develop new long-range ballistic missiles for Ukraine, aiming to help Kyiv strike targets deep behind Russian lines.
Ukraine’s Special Operations Forces (SOF) carried out a strike on Russian Lukoil drilling platforms in the Caspian Sea during the night of 10–11 January, according to the SOF press service.
European Commissioner for Defence and Space Andrius Kubilius has called for the urgent establishment of a European Security Council to enhance the EU’s ability to take swift decisions on defence and security matters.
U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
China, Russia and Iran have begun a week-long joint naval exercise in South African waters, a move that comes amid strained relations between Washington and several members of the expanded BRICS bloc.
Warning of a strategic threat from Russia and China, Donald Trump said on Friday that the United States must acquire Greenland to prevent the Arctic island from falling under foreign control.
More than 1,000 apartment buildings in Kyiv remain without heating after Russian missile attacks crippled the city’s energy system during a sharp cold snap, Ukrainian officials say.
Deaths linked to nationwide protests in Iran have risen to more than 500, according to a U.S.-based rights group, as Tehran warned it would retaliate against U.S. military targets if Washington intervenes.
The United Kingdom has launched Project Nightfall, a fast-track programme to develop new long-range ballistic missiles for Ukraine, aiming to help Kyiv strike targets deep behind Russian lines.
Ukraine’s Special Operations Forces (SOF) carried out a strike on Russian Lukoil drilling platforms in the Caspian Sea during the night of 10–11 January, according to the SOF press service.
European Commissioner for Defence and Space Andrius Kubilius has called for the urgent establishment of a European Security Council to enhance the EU’s ability to take swift decisions on defence and security matters.
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