Takaichi to highlight $550 billion U.S. investment at Trump summit

  • Sanae Takaichi plans to highlight Japan’s U.S. investment at Tuesday’s Trump meeting.
  • $550 billion is Japan’s pledged U.S. investment under a deal setting 15% tariffs.
  • The summit marks Takaichi and Trump’s first formal meeting since her March Washington visit.

Japanese Prime Minister Sanae Takaichi plans to emphasize Japan’s pledged $550 billion U.S. investment and the American jobs it is expected to create during her Tuesday meeting with President Donald Trump in New York. The summit, held on the sidelines of the U.N. General Assembly, will be the leaders’ first formal meeting since Takaichi’s March visit to Washington. Japan’s investment commitment was part of a tariff agreement establishing a reciprocal tariff (matching tariffs between trading partners) of 15% on Japanese imports. Projects include oil and gas development in Texas, a critical-minerals facility in Georgia aimed at reducing U.S. reliance on foreign sources, and power-generation projects supporting artificial intelligence infrastructure. Washington may press Tokyo to lift defense spending to 3.5% of GDP (economic output measure), from its current 2% target, and to contribute more toward the cost of U.S. troops stationed in Japan. Tokyo hopes to cite its investment pledges and defense buildup while avoiding firmer commitments before new national security documents are finalized later this year. The meeting also precedes Trump’s planned Thursday meeting with Chinese President Xi Jinping, with Japan watching for possible U.S.-China agreements on artificial intelligence regulation or rare-earth export controls that could affect Japanese industry and security. In July, the U.S. Treasury and Japan’s Ministry of Finance coordinated a yen-buying operation to counter excessive currency volatility and disorderly movements. The White House and Japan’s Government had not immediately responded to Benzinga’s request for comment.

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