JAKARTA - US President Donald Trump said Japan has begun to realize the initial phase of investment from the US$550 billion (around Rp9.268 trillion) commitment in the trade deal announced last July, with three major projects in the oil, gas, and critical minerals sectors.
"Our BIG Trade Deal with Japan has just been launched," Trump wrote on his social media platform, Truth Social, as reported by ANTARA from Anadolu, Wednesday, February 18.
Trump said Tokyo's investment commitment was part of a "historic trade deal" to revitalize America's industrial base, create hundreds of thousands of jobs, and strengthen national security and the economy.
Trump announced three "extraordinary" projects in strategic areas, namely oil and gas in Texas, power plants in Ohio, and critical mineral facilities in Georgia.
According to Trump, these large-scale projects would not have been realized without one key instrument: import tariffs.
He said the gas-fired power plant in Ohio - a state he has won three times - would be the largest ever built. A new liquefied natural gas facility in the Gulf of Mexico would increase exports and strengthen US energy dominance.
Trump added that critical mineral facilities would help end America's "stupid" dependence on foreign supplies.
"America is building again. America is producing again. And America is winning again. This is a very exciting and historic time for the United States and Japan. Congratulations to all!" he wrote.
In July, the US and Japan announced what Trump called a "big" trade deal. On Truth Social, he called it "probably the biggest ever made".
Trump said Japan would invest $550 billion in the US at his direction, with the US receiving 90 percent of the profits generated.
He also said Tokyo would pay a reciprocal tariff of 15 percent, down from the previous 25 percent.
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