Apr 28, 2019

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."

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Coronavirus dashboard

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Global: Total confirmed cases as of 8 p.m. ET: 1,595,350 — Total deaths: 95,455 — Total recoveries: 353,975 — Map.
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Public health latest: U.S. has expelled thousands of migrants under a CDC public health order — Dr. Anthony Fauci said social distancing could reduce the U.S. death toll to 60,000.
Business latest: The Fed will lend up to $2.3 trillion for businesses, state and city governments — After another 6.6 million jobless claims, here's how to understand the scale of American job decimation.
States latest: FEMA has asked governors to decide if they want testing sites to be under state or federal control.
World latest: Lockdowns have led to a decline in murders in some of the world's most violent countries — Boris Johnson is moved out of the ICU but remains in hospital with coronavirus.
In Congress: Senate in stalemate over additional funding for small business relief program.
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What should I do? Hydroxychloroquine questions answered — Pets, moving and personal health — Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
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