Trump says Japan is investing $$$$$$ big

Trump says Japan is investing $$$$$$ big

Uh, the country is doing really well. I just briefed the chairman on the deal we made with Japan. Japan is putting up $550 billion in order to lower their tariffs a little bit. That way they have a little bit lower tariff. And they also opened their country to free trade, which nobody thought was even a possibility. And uh we get a zero tariff in the free trade. We don’t pay tariffs. And uh they’re going to pay 15% on everything they send into our country. So it’s great. But they put up uh as you could call it uh seed money. Let’s call it seed money. You could call it anything you want. But it’s uh five it’s a total of $550 billion. So nobody thought any of that was possible. And it’s wonderful. And we’re doing pretty well with the European Union likewise. Uh and we have some others. They’re all really big and our country is going to make a lot of money. We would be helped if interest rates would come down, but we’re going to see how the board rules on that soon. I’ I’d love to see him come down a lot, but uh we have a country that’s thriving. Uh we had a dead country one year ago. Today we have the hottest country anywhere in the world. And we’ll get this one

President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It’s an astonishing figure, but still subject to negotiation and perhaps not the sure thing he’s portraying.

“Japan is putting up $550 billion in order to lower their tariffs a little bit,” Trump said Thursday. “They put up, as you could call it, seed money. Let’s call it seed money.”

He said 90% of any profits from the money invested would go to the U.S. even if Japan had put up the funds. “It’s not a loan or anything, it’s a signing bonus,” the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos.
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