Japan¡¯s $550 billion capital commitment to the United States is stuck in committee as the two countries discuss the fine details of implementation and differences, possibly significant, stand in the way of the first deals reaching U.S. President Donald Trump¡¯s desk for his consideration.
¡°Significant gaps remain,¡± trade minister Ryosei Akazawa said Thursday in Washington after speaking with U.S. Commerce Secretary Howard Lutnick for 85 minutes.
Akazawa reached a handshake agreement with Trump last July to get tariff rates lowered in exchange for Japan¡¯s pledge to make $550 billion available to the United States to support key industries and technologies.
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