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Live updates: Trump will head to Asia to promote big investments
https://apnews.com/live/donald-trump-news-updates-10-24-2025President Donald Trump is going to Japan and South Korea to promote an epic financial windfall — at least $900 billion in investments for U.S. factories, a natural gas pipeline and other projects.
Japan and South Korea made those financial commitments in August to try to get Trump to ratchet down his planned tariff rates from 25% to 15%. But as the U.S. president is set to depart Friday night for Asia, the pledges are more of a loose end than money in the bank for American industry.
Japan pledged $550 billion in investments, but it wants the money to benefit its own companies, making that a condition in a memorandum released in September. As of Monday, Japan has a new prime minister, Sanae Takaichi, who has expressed respect for Trump but is operating in an untested coalition government.
South Korea offered $350 billion — but wants a swap line for U.S. dollars to facilitate its investments and seeks to fund the transactions through loan guarantees. Otherwise, the commitment could sink its own economy.
(snip)