Tokyo races to fund US projects to keep a 15 per cent tariff rate, as critics question if the ‘signing bonus’ is a gift or a high-interest loan
In July, Japan agreed to invest US$550 billion through 2029 “to rebuild and expand core American industries”, the White House said, generating “hundreds of thousands of US jobs”.
The pledge was in exchange for reducing threatened tariffs of 25 per cent to 15 per cent on Japanese imports. Trump likened it to a “signing bonus” for a baseball player.
afpamericanchinadai-ichi life research institutedonald trumpfinancial timeshoward lutnickhudson institutejapanjapan bank for international cooperationjapan international cooperation agencyjapanesenatixisryosei akazawasanae takaichiseoulsouth koreatokyoubsubs group ag
