Trump invites OpenAI, Salesforce Inc. CEO to Tokyo dinner party to celebrate major Japanese investment in the United States.
Before concluding his visit to Tokyo, US President Trump plans to have dinner with several business leaders, during which he will announce the results of Japanese investments in the United States.
Before the end of his visit to Tokyo, U.S. President Trump plans to have dinner with several business leaders, during which he will announce the results of Japanese investment in the U.S. Invited guests include Salesforce, Inc. CEO Marc Benioff, Toshiba CEO Taro Shimada, Rakuten Group founder Hiroshi Mikitani, among others.
The dinner will take place at the residence of U.S. Ambassador to Japan George Glass, and attendees will also include OpenAI co-founder Greg Brockman, Honda Motor Co., Ltd. President Toshihiro Mibu, and Anduril Industries founder Palmer Luckey.
The dinner coincides with the White House's announcement of a new round of economic investment commitments from the U.S. According to a trade framework reached earlier this year, Trump has lowered and set a cap on Japanese tariffs on goods in exchange for Japan committing to provide $550 billion in funding support for U.S. projects.
Earlier on Tuesday, some guests at the dinner, along with U.S. Secretary of Commerce Lutnick, announced a series of potential new projects. Leaders from both the U.S. and Japan focused on cooperation agreements in the manufacturing and energy sectors, with investment amounts expected to range from $350 million to as much as $100 billion.
Lutnick commented during the event: "It's rare to be able to gather so many industry leaders in one place."
The core purpose of this series of initiatives is to clarify the interpretation differences of the key components of the trade agreement the investment fund terms. Previously, Trump had stated that the $550 billion would be funds that his government could "independently invest," with 90% of the returns to be owned by the U.S. However, Japan has stated that this commitment covers various forms of investment, loans, and loan guarantees, essentially providing support for Japanese companies' projects in the U.S.
During a meeting earlier between Trump and Japanese Prime Minister Sanae Takashi, the Japanese side presented a map to show investments announced by Trump during his second term. The document includes Nippon Steel's acquisition of United States Steel Corporation, a joint battery factory project with Toyota Motor Corp., and Matsushita Holdings, as well as a $220 million investment from Tohto Corporation in the construction of a sanitary product production base in Georgia.
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