Toyota Plans $10B Investment in US Auto Plants Amid Trump Visit
Toyota Plans $10B Investment in US Auto Plants Amid Trump Visit

Toyota Plans $10B Investment in US Auto Plants Amid Trump Visit

News summary

President Trump announced during a speech aboard the USS George Washington in Tokyo Bay that Toyota plans to invest over $10 billion in building new automobile plants across the United States, urging Americans to "go out and buy a Toyota." This announcement followed a meeting with Japan's Prime Minister Sanae Takaichi, who confirmed the investment as part of broader Japanese commitments to invest significantly in the U.S. economy, including a trade deal involving $550 billion in investments and an agreement on critical minerals to counter China's dominance. Trump also highlighted increased defense cooperation with Japan, including missile deliveries for Japan's F-35 fighter jets and joint shipbuilding projects. The president emphasized his administration's efforts to strengthen the U.S. economy and national security, including troop deployments to the southern border and military actions against drug trafficking. This announcement and Trump's Asia tour signal a renewed focus on trade, economic partnerships, and military alliances in the region.

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