Japan tariff deal to include $ 550BN investment: Trump

Washington: President Donald Trump said that Japan has given him as part of a new trade structure, as $ 550 billion to invest in the United States. “Japan has put $ 550 billion to reduce its tariffs slightly,” Trump said on Thursday. “They put, as you can say, seed money.”He said that 90% of any profit from the money invested will go to the US, even if Japan has invested money. The Republican President said, “It’s a loan or nothing, it is a signed bonus,” on the business structure, which reduced its danger tariff with auto by 25% to 15%.A White House official said that the conditions are being negotiated and nothing has been formally given in writing. Yoga is important: It will represent more than 10% of Japan’s entire GDP. Japan external trade organization estimates that direct investment in the US economy tops $ 780 billion in 2023.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button