Trump meets with Japan's new prime minister, signing deals on trade and rare earth minerals
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Trump meets with Japan's new prime minister, signing deals on trade and rare earth minerals
"U.S. President Donald Trump lavished praise on Japan's first female leader Sanae Takaichi in Tokyo on Tuesday, welcoming her pledge to accelerate a military buildup and signing deals on trade and rare earths. Takaichi, a protegee of Trump's late friend and golfing buddy Japanese leader Shinzo Abe, applauded Trump's push to resolve global conflicts, vowing to nominate him for the Nobel Peace Prize, according to Trump's spokeswoman, Karoline Leavitt."
"Both governments released a list of projects in the areas of energy, artificial intelligence and critical minerals in which Japanese companies are eyeing investments of up to $400 billion in the U.S. Tokyo pledged to provide $550 billion of strategic U.S. investments, loans and guarantees earlier this year as part of a deal to win a reprieve from Trump's punishing import tariffs."
"Those gestures may temper any Trump demands for Tokyo to spend more towards its security in the face of an increasingly assertive China, calls that Takaichi sought to head off by promising to fast-track plans to increase defence spending to 2% of GDP. 'Everything I know from Shinzo and others, you will be one of the great prime ministers,' Trump told Takaichi as they sat down to discussions, accompanied by their delegations, at Tokyo's Akasaka Palace."
Sanae Takaichi pledged to accelerate Japan's military buildup and to fast-track plans to raise defence spending to 2% of GDP. U.S. President Donald Trump praised Takaichi and welcomed deals on trade and rare earths. Both governments released a list of projects in energy, artificial intelligence and critical minerals with Japanese companies eyeing up to $400 billion in U.S. investment. Tokyo previously pledged $550 billion in strategic U.S. investments, loans and guarantees tied to a reprieve from U.S. import tariffs. Takaichi invoked Shinzo Abe's legacy, presented Abe's putter and other golf gifts, and praised U.S.-Japan ties.
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