US, Japan Panel Convene to Mull Projects for $550 Billion Fund
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Article content(Bloomberg) — A US-Japan consultation panel held its first meeting to consider initial projects for a $550 billion investment pledge that is a pillar of the two countries’ trade deal. Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe panel met online, exchanged views on potential projects for the investment initiative and confirmed ongoing close cooperation, Japan’s Foreign Ministry said Thursday. The meeting was attended by representatives from the US Commerce Department, Energy Department and Japan’s foreign, trade and finance ministries. Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentThe US Commerce Department didn’t immediately respond to a request for comment.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe meeting marks the start of a formal selection process for the investment mechanism. After the discussions, the consultation panel is set to give its input to an investment committee led by US Commerce Secretary Howard Lutnick. Based on that committee’s recommendations, President Donald Trump is expected to make final decisions on which projects are selected. Article contentJapan could face the return of higher tariffs if it doesn’t fund a project within 45 days of Trump’s decisions. Earlier this year, Trump raised tariffs on most Japanese goods to 25%, then scaled them back to 15% after Japan agreed to boost investment in the US through the $550 billion mechanism.Article contentThe fund aims to advance economic and national security interests by investing in areas including semiconductors, critical minerals and energy. It’s expected to work as a vehicle to accommodate investments from Japan to the US on a project-by-project basis. In October during Trump’s visit to Japan, the two nations identified a list of potential projects for the investment fund.Article contentThe government-backed Japan Bank for International Cooperation and Nippon Export and Investment Insurance also attended the meeting, and are set to be the key institutions providing equity, loans and loan guarantees for the projects.Article content—With assistance from Josh Wingrove.Article contentTrending Trump Official Signals Support for Trade Deal With Canada, Mexico PMN Business Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?
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Trump Official Signals Support for Trade Deal With Canada, Mexico PMN Business Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?
Personal Finance World watches as Ottawa's bullish shift on LNG puts wind at the back of two major projects Oil & Gas Tricolor's Excel Guy Failed to Fix All Numbers in Alleged Fraud PMN Business Expect 'dramatically higher' oil prices in 2026, says Eric Nuttall Oil & Gas