Trump indicated at a joint press conference with Japanese Prime Minister Isiba Shigeru that Nippon Steel will take a “Very exciting” step on US Steel. Trump, who mistakenly called Nippon Steel “Nissan” in his statements, expressed his appreciation for the company's decision to invest in US Steel. Donald Trump remarked, “Instead of buying US Steel, they agreed to make a big investment.” He also stated that they will meet with Nippon Steel next week on this issue and that he will participate in the negotiations by mediating.
President Trump announced that trade between the US and Japan has exceeded 300 billion dollars and Japan aims to invest 800 billion dollars in the coming period. He also announced that they will cooperate more strongly against China and that Japan will buy a large amount of LNG from the US. While Trump stated that an announcement on reciprocal tariffs will be made shortly, Japanese Prime Minister Isiba Shigeru stated that Japan will invest 1 trillion dollars in the US and that his words about US Steel are investment-oriented.
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