Japan will invest in three major energy projects to be developed in the United States as part of a trade deal, President Donald Trump said.
Trump announced on Tuesday that Japan has committed to investing $36 billion in projects for developing natural gas, oil, and critical minerals. The investment is part a $550 billion investment fund that Japan agreed to as part of a deal to avoid tariffs.
“The scale of these projects are so large, and could not be done with one very special word, TARIFFS,” the president wrote on Truth Social.
The Department of Commerce said on X that Japan will back a project in Ohio to develop a natural gas-fired power generation facility with a capacity of 9.2 gigawatts, making it the largest such facility.
The second project is a deepwater crude oil export facility in Texas, which the DOC said is expected to generate $20 to $30 billion in crude exports yearly.
Lastly, the investment will also support the creation of synthetic industrial diamond manufacturing capacity in Georgia, allowing for the full production of synthetic diamond grit in the U.S., the DOC said. Synthetic diamond grit is used for products in the technology sector, such as chips and semiconductors.
TRUMP DEPLOYING FEMA TO ‘PROTECT’ POTOMAC AFTER SEWAGE SPILL, BLAMING DEMOCRATIC LEADERS
Commerce Secretary Howard Lutnick said on X that, “Japan is providing the capital. The infrastructure is being built in the United States. The proceeds are structured so Japan earns its return, and America gains strategic assets, expanded industrial capacity, and strengthened energy dominance.”
Japan’s Prime Minister Sanae Takaichi is slated to meet with Trump next month.
