Details of the US-Japan trade agreement revealed: $550 billion investment was decided by Trump, Japan only received a 45-day deadline

According to the Financial Times, according to the unpublished memorandum signed by the United States and Japan on Wednesday, Japan has agreed to Trump to decide the direction of its $550 billion capital investment in the United States as part of a deal to avoid high tariffs. The document, which came into effect when Trump officially signed the trade agreement on Thursday, also stipulates that Japan only receives a 45-day period to allocate funds for Trump's designated projects, otherwise it will face the penalty of resuming high tariffs. This special clause Trump reached with Japan highlights the extraordinary price U.S. trading partners have paid to obtain tariff cuts. Japan's exports to the United States were originally facing a 25% tariff, and the new agreement reduced the tax rate to 15%. The memorandum stipulates that after the investment committee chaired by U.S. Commerce Secretary Lutnik submits potential investment projects, the final decision belongs to Trump. The document also requires that the Investment Committee should select Japanese suppliers as much as possible to "provide goods and services" for investment projects.