Japan, US make progress on $550 billion investment program
AzerNEWS Staff
Read moreJapan and the United States have made progress in implementing a $550 billion investment program agreed under a trade deal between the two countries.
Japan’s Minister of Economy, Trade and Industry Ryosei Akazawa said the two sides had made progress on the initiative.
Speaking to reporters after meeting with US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer in Washington, Akazawa said Tokyo would continue to work closely with the US side.
The investment program was designed to encourage Japanese investment in key sectors of the US economy and has become one of the central elements of a trade agreement reached between the two countries last year.
Under the agreement, US President Donald Trump agreed to set a 15% tariff on Japanese imports and reduce tariffs on automobiles, one of the key sectors of Japan’s economy.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!