Trump: Japan to Invest in Oil, Gas, and Critical Minerals Projects
Istanbul (ANTARA) - US President Donald Trump has said Japan is beginning to realise the initial phase of investment from its US$550 billion (approximately Rp9,268 trillion) commitment under the trade deal announced last July, with three major projects in the oil, gas, and critical minerals sectors.
"Our BIG Trade Deal with Japan has just been launched," Trump wrote on his social media platform, Truth Social, on Tuesday.
He said Tokyo's investment commitment was part of a "Historic Trade Deal" to revitalise America's industrial base, create hundreds of thousands of jobs, and strengthen national security and the economy.
Trump announced three "extraordinary" projects in strategic fields: oil and gas in the state of Texas, a power plant in Ohio, and a critical minerals facility in Georgia.
According to Trump, these large-scale projects would not have materialised without one key instrument: import tariffs.
He said the gas-fired power plant in Ohio — a state he has won three times — would be the largest ever built. A new liquefied natural gas facility on the Gulf of Mexico would boost exports and strengthen US energy dominance.
Trump added that the critical minerals facility would help end America's "stupid" dependence on foreign supplies.
"America is building again. America is producing again. And America is winning again. This is a very exciting and historic time for the United States and Japan. Congratulations to all!" he wrote.
Last July, the US and Japan announced what Trump described as a "big" trade deal. On Truth Social, he called it "perhaps the biggest ever made".
Trump said Japan would invest US$550 billion in the US at his direction, with the US receiving 90 per cent of the profits generated.
He also stated that Tokyo would pay a reciprocal tariff of 15 per cent, down from the previous 25 per cent.
"Our BIG Trade Deal with Japan has just been launched," Trump wrote on his social media platform, Truth Social, on Tuesday.
He said Tokyo's investment commitment was part of a "Historic Trade Deal" to revitalise America's industrial base, create hundreds of thousands of jobs, and strengthen national security and the economy.
Trump announced three "extraordinary" projects in strategic fields: oil and gas in the state of Texas, a power plant in Ohio, and a critical minerals facility in Georgia.
According to Trump, these large-scale projects would not have materialised without one key instrument: import tariffs.
He said the gas-fired power plant in Ohio — a state he has won three times — would be the largest ever built. A new liquefied natural gas facility on the Gulf of Mexico would boost exports and strengthen US energy dominance.
Trump added that the critical minerals facility would help end America's "stupid" dependence on foreign supplies.
"America is building again. America is producing again. And America is winning again. This is a very exciting and historic time for the United States and Japan. Congratulations to all!" he wrote.
Last July, the US and Japan announced what Trump described as a "big" trade deal. On Truth Social, he called it "perhaps the biggest ever made".
Trump said Japan would invest US$550 billion in the US at his direction, with the US receiving 90 per cent of the profits generated.
He also stated that Tokyo would pay a reciprocal tariff of 15 per cent, down from the previous 25 per cent.