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Axios
Axios
Business
Rebecca Falconer

Trump: Japan is investing $40 billion in U.S. car factories

President Trump in Green Bay, Wisconsin, Saturday. Photo: Saul Loeb/AFP/Getty Images

Japanese Prime Minister Shinzo Abe has pledged Japan will invest $40 billion in new car factories in the U.S., President Trump told at a rally in Green Bay, Wisconsin, Saturday.

Details: Trump's comments come after playing golf with Abe at Trump’s National Golf Club in northern Virginia. The U.S. ambassador to Japan provided a readout stating Trump urged Abe to have Japanese automakers produce more vehicles in the United States.

The big picture: Toyota, Japan's largest automaker, said last month it would "exceed its 2017 pledge to invest $10 billion over five years with a new commitment to reach nearly $13 billion over the same period."

PM Abe: I spent more than 10 hours together with President Donald J. Trump, with yesterday’s summit meeting and then a...

Posted by Prime Minister's Office of Japan on Sunday, April 28, 2019
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