Details of the US-Japan trade agreement exposed: $550 billion investment was decided by Trump, and Japan was only given 45 days to implement it

On September 6th, according to the British Financial Times, according to the undisclosed memorandum signed by the United States and Japan on Wednesday, as part of the agreement to avoid high tariffs, Japan has agreed to let Trump determine the investment direction of its $550 billion capital in the United States. The document, which came into effect when Trump officially signed the trade agreement on Thursday, also stipulates that Japan will only be given 45 days to allocate funds for Trump-designated projects or face the penalty of reinstating high tariffs. The special clause reached by Trump with Japan highlights the extraordinary price paid by US trading partners to obtain tariff relief. The new agreement reduces the tax rate to 15% for Japanese exports to the United States, which were originally subject to 25% tariffs. The memo stipulates that Mr. Trump will have the final say on potential investments submitted by an investment committee chaired by Mr. Lutnik, the US commerce secretary, and requires the committee to choose Japanese suppliers where possible to "provide goods and services" for investment projects.