Ishiba, Trump Confirm $1 Trillion Investment Plans

During a meeting on February 7, 2025, at the White House, U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba discussed strengthening trade relations and Japan's commitment to significantly increasing its investments in the U.S. to $1 trillion. Trump expressed his intention to reduce the U.S. trade deficit with Japan, currently estimated at $100 billion, while announcing that Nippon Steel would pursue a large-scale investment in U.S. Steel instead of an acquisition. Ishiba's preparation for this summit included consultations with former leaders, demonstrating Japan's desire to maintain strong ties amidst global uncertainties. In addition, both leaders focused on expanding cooperation in high-tech industries and increasing imports of U.S. liquefied natural gas. The meeting was characterized as successful, with Ishiba reaffirming Japan's commitment to the U.S.-Japan security treaty. However, concerns about potential tariffs were noted, with Trump indicating reciprocal tariffs were forthcoming.