US-Japan Trade Deal Hinges on Fund That Remains a Puzzle (1)

The US and Japan this week reached what President Donald Trump called the largest trade deal in history.

But the lack of detail over Tokyo’s pledge to set up a $550 billion US investment fund is raising questions about the viability of an agreement that’s been floated as a potential template for other major trading partners.

The fund is a centerpiece of the deal announced by Trump that imposes 15% tariffs on Japanese cars and other goods. While the start date and other basic elements are still unknown, Treasury Secretary Scott Bessent warned this week that the US would monitor ...