US President Trump says trade deal with Japan has just launched.... The gas power plant in Ohio will be the largest in history
Newsquawk Staff ·
Full post: Our MASSIVE Trade Deal with Japan has just launched! Japan is now officially, and financially, moving forward with the FIRST set of Investments under its $550 BILLION Dollar Commitment to invest in the United States of America — part of our Historic Trade Deal to REVITALIZE the American Industrial Base, create HUNDREDS OF THOUSANDS of GREAT American Jobs, and strengthen our National and Economic Security like never before. Today, I am pleased to announce three TREMENDOUS Projects in the Strategic Areas of Oil & Gas in the Great State of Texas, Power Generation in the Great State of Ohio, and Critical Minerals in the Great State of Georgia. The scale of these projects are so large, and could not be done without one very special word, TARIFFS. The Gas Power Plant in Ohio (A State I won THREE TIMES!) will be the largest in History, the LNG Facility in the Gulf of America will drive Exports, and further our Country's Energy DOMINANCE, and our Critical Minerals Facility will end our FOOLISH dependance on Foreign Sources. America is building again. America is producing again. And America is WINNING again. This is a very exciting and HISTORIC time for the United States of America and Japan. Congratulations to all! Thank you for your attention to this matter! PRESIDENT DONALD J. TRUMP
What it means
President Trump's announcement of a significant trade deal with Japan, including a $550 billion commitment for investments, signals a strategic pivot toward enhancing U.S. economic security and industrial capability. This could have far-reaching implications for sectors like energy, commodities, and manufacturing, while also reflecting the administration's stance on tariffs as a tool for fostering domestic production and competitiveness.
Sources
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
Related headlines
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios2 hours ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings1 hour ago
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago
- Atlanta Fed GDPNow (Q3) 3.3% (prev. 3.4%)24 min ago
- Amphenol (APH) Q3 2026 (USD): Adj. EPS 0.80 (exp. 0.73), Sales 10.2bln (exp. 9.49bln)3 hours ago
- GE Vernova (GEV) expects USD 50-100mln of annual cost synergies from Trench by 2030, according to the conference call3 hours ago
- Newsquawk US Daily Equity Opening News - SKHY surges after op profit beat; NXPI & STX down after results2 hours ago
- Satellite imagery indicates significant damage to the main refining unit at Saudi Arabia's Ras Tanura (550k BPD) refinery following a strike by Yemeni armed forces, leaving the unit inoperable, Fars reports2 hours ago
- US EIA Heating Oil Stocks Change (Oct/23) 0.164M (Prev. 0.652M)43 min ago
- US EIA Crude Oil Imports Change (Oct/23) -0.796M (Prev. 0.837M)43 min ago
- EIA Cushing Crude Oil Stocks Change (Oct/23) -0.624M (Prev. 0.987M)43 min ago
- US EIA Refinery Crude Runs Change (Oct/23) -0.123M (Prev. 0.034M)43 min ago
- US EIA Crude Oil Stocks Change (Oct/23) -1.892M vs. Exp. 0M (Prev. -3.061M); SPR falls 0.1mln to 282.6mln43 min ago
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M58 min ago
- Rosatom says they will raise the number of construction workers at Iran's Bushehr nuclear power plant to 200 in November, reports Al Mayadeen3 hours ago