Tech CEOs who joined Donald Trump at Tokyo dinner as President tells Japan Inc: You have great companies, you are …

2 hours ago 3
ARTICLE AD BOX

 You have great companies, you are …

Apple CEO Tim Cook and Salesforce chief Marc Benioff joined President Donald Trump for a dinner with business leaders in Tokyo on Tuesday, as the administration worked to finalize a landmark $550 billion Japanese investment framework in the United States.The gathering at the US Ambassador's residence brought together American and Japanese executives to discuss potential investments under a trade agreement reached earlier this year, according to Bloomberg. Commerce Secretary Howard Lutnick announced up to $490 billion in commitments during the event, including major nuclear energy projects."You have great companies—you're phenomenal business people," Trump told attendees, adding that the US "won't let you down."

SoftBank, OpenAI, Honda executives among high-profile attendees

Other notable guests included OpenAI co-founder Greg Brockman, Anduril founder Palmer Luckey, and Japanese business leaders like SoftBank CEO Masayoshi Son, Honda President Toshihiro Mibe, and Rakuten Chairman Hiroshi Mikitani, Bloomberg reported.The dinner came during Trump's visit to Japan, where he met with Prime Minister Sanae Takaichi, the country's first female prime minister. The two leaders signed agreements reinforcing their nations' alliance and establishing a framework for securing critical minerals and rare earths.

Under the trade deal, Japan pledged to fund $550 billion in US projects in exchange for lowered tariffs on Japanese goods — with imports taxed at 15%. Trump has previously characterized the fund as money his administration could "invest as we like," while Japan describes it as a combination of investments, loans, and loan guarantees supporting Japanese firms' American projects.Cook, whose company sources critical components from Japan including Sony image sensors and Sharp display panels, did not speak publicly at the event.Trump's Asia trip also includes stops in South Korea for the Asia-Pacific Economic Cooperation summit, with a potential meeting with Chinese leader Xi Jinping expected later this week.

Read Entire Article