Trump announces projects advancing Japan's investment commitment to US

He signed a critical minerals agreement with Japan, secured purchases of US energy and deepened cooperation in combatting illegal drug trafficking.

Critical energy infrastructure investments in the United States include up to $332 billion.

Manufacturing and logistics investments include $600 million to upgrade ports and waterways across the southern United States to facilitate the export of US crude oil; $500 million to establish a high-pressure, high-temperature diamond grit manufacturing facility; and $350 million to construct a lithium-iron-phosphate production facility.

Both the countries signed a memorandum of cooperation to expand shipbuilding capacity in their countries by aligning investment, procurement, workforce and technology initiatives, a White House fact sheet said.

Japan will pursue new sanctions frameworks to target vessels linked to shadow fleets and disrupt shadow fleet activity in close coordination with the United States and G7 partners.

Artificial intelligence infrastructure Investments include up to $30 billion in partnership with Mitsubishi Electric to supply power station systems and equipment for data centres, up to $25 billion in collaboration with TDK for advanced electronic components and power modules, and up to $20 billion with Fujikura to supply optical fibre cables.

ALCHEMPro News Desk (DS)