Japan has agreed to let Donald Trump decide where $550bn worth of its capital is invested in the US as part of a deal to avoid high tariffs, according to an unpublished memorandum signed by the two countries.
The memo, signed on Thursday in the US when Trump officially enacted the trade deal, also gives Japan just 45 days to fund projects earmarked by the president — or face the reimposition of his steep tariffs.
The unusual terms agreed between the US president and the world’s fourth-largest economy underscore the extraordinary lengths that Washington’s trading partners will go to in order to secure tariff relief.
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