President Donald Trump is going to Japan and South Korea next week to promote an epic financial windfall — at least $900 billion in investments for U.S. factories, a natural gas pipeline and other projects.
Japan and South Korea made those financial commitments in August to try to get Trump to ratchet down his planned tariff rates from 25% to 15%. But as the U.S. president is set to depart Friday night for Asia, the pledges are more of a loose end than money in the bank for American industry.
Japan pledged $550 billion in investments, but it wants the money to benefit its own companies, and its new prime minister, Sanae Takaichi, is operating in an untested coalition government.
South Korea offered $350 billion — but wants a swap line for U.S. dollars, funded through loan guarantees, or

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