JOSH BOAK and MARI YAMAGUCHI.

A staff member distributes an extra edition of the Yomiuri Shimbun newspaper reporting that President Donald Trump announced a trade framework with Japan on Tuesday, Wednesday, July 23, 2025, in Tokyo. The headline reads "U.S., a 15% tax on goods imported from Japan." (AP Photo/Eugene Hoshiko)

Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing

President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It’s an astonishing figure, but still subject to negotiation and perhaps not the sure thing he’s portraying. He says 90% of any profits from the money invested would go to the U.S. even if Japan had put up the funds. He calls it “a signing bonus.” A key Japanese trade negotiator isn’t discussing the terms. It’s unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans.

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