U.S. Commerce Secretary Howard Lutnick made it clear that the $550 billion promised by Japan in the course of tariff negotiations will be real funding from Japan deployed and directed by U.S. President Donald Trump to serve American interests.
¡°What's going to happen is the investments in America are for the benefit of the economic and national security of the United States of America, driven by Donald Trump,¡± Lutnick told CNBC on Tuesday.
His comments closely track and further support earlier comments by Trump, Treasury Secretary Scott Bessent and Lutnick himself. Together, they have described a pledge that involves new capital from Japan being invested in the United States with America in control and taking 90% of the profits.
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