Details of the US-Japan trade agreement revealed: US$550 billion investment decided by Trump and Japan only gets a 45-day deadline for implementation "
According to online reports, according to the British Financial Times, according to an undisclosed memorandum signed by the United States and Japan on Wednesday, as part of an agreement to avoid high tariffs, Japan has agreed to let Trump decide the direction of investment of its US$550 billion capital in the United States. The document, which came into effect on Thursday when Trump formally signed the trade agreement, also stipulated that Japan would only be given a 45-day deadline to allocate funds for projects designated by Trump or face the penalty of resuming high tariffs. The special clause reached between Trump and Japan highlights the extraordinary price paid by U.S. trading partners to obtain tariff exemptions. Japan's exports to the United States originally faced a 25% tariff, but the new agreement will reduce the tax rate to 15%. The memorandum stipulates that after the investment committee chaired by U.S. Commerce Secretary Lutnik submits potential investment projects, the final decision will rest with Trump. The document also requires the Investment Committee to select Japanese suppliers as much as possible to "provide goods and services" for investment projects.
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