Toyota's US Investment Plans Unveiled

In a significant development, Japanese Prime Minister Shigeru Ishiba disclosed that Toyota is considering ramping up its investments in the United States. This revelation came during a pivotal meeting with US President Donald Trump in Washington DC on Friday.

Trade Deficit and Tariffs on the Agenda

Prior to their meeting, President Trump highlighted the importance of addressing the trade deficit with Japan, mentioning that tariffs could be a potential solution. Additionally, Trump expressed his intention to discuss the future of US Steel and the ongoing situation with North Korea with Prime Minister Ishiba.

US Steel Deal in the Spotlight

Earlier this year, the proposed $14.9 billion acquisition of US Steel by Japan's Nippon Steel Corporation was blocked by former President Joe Biden. However, recent reports from CBS News suggest that President Trump is contemplating approving the deal, though a final decision remains pending.