Donald Trump says deals ‘end our foolish dependence on foreign sources’, while Japanese PM hails enhanced economic security
Japan has drawn up plans for investments in US oil, gas and critical mineral projects worth about $36bn under the first wave of a deal with Donald Trump.
The US president and Sanae Takaichi, Japan’s prime minister, announced a trio of projects including a power plant in Portsmouth, Ohio, billed by the Trump administration as the largest natural gas-fired generating facility in US history.
As a diplomatic row between Japan and China over the security of Taiwan continues, testing the Japanese economy, Takaichi said the projects would strengthen her country’s ties with the US.
While Takaichi did not directly mention China, she expressed hope in a statement that the investments would enhance Japanese and US economic security.
