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The President of the United States of America, Donald Trump, announced a massive trade deal with Japan.
Japan has pledged to invest $550 billion directly into the United States under the new trade deal.
KEY POINTS
- US tariffs on Japanese imports will be reduced from 25 percent to 15 percent as part of the agreement.
- Early projects include a massive LNG facility in Texas, a major gas power plant in Ohio, and a minerals processing plant in Georgia.
- The deal is explicitly aimed at reducing US reliance on China for critical minerals and energy production.
COMPANIES
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