News|Donald TrumpTrump, Japan’s Takaichi sign deal to secure rare earths supplyUS president heaps praise on Japan’s first female prime minister as the leaders sign deals on the supply of rare earth minerals.

Meeting Between US and Japan's Leadership

United States President Donald Trump met with Japan's Prime Minister Sanae Takaichi in Tokyo to discuss several bilateral agreements, focusing on military and trade cooperation.

The discussions resulted in agreements on trade and critical minerals. Prime Minister Takaichi expressed plans to enhance Japan's military capabilities. As part of a $550 billion agreement, Japan will increase its investments in the United States, including sectors such as shipbuilding, and procurement of U.S. soybeans, natural gas, and vehicles. This initiative aims to balance defense expenditures amidst rising regional security challenges.

Prime Minister Takaichi pledged to advance defense spending to 2% of Japan's GDP, aiming to fortify defenses against regional threats. The meeting also highlighted Japan's commitment to acquiring more U.S. defense equipment.

Critical Minerals and Rare Earths Agreement

The leaders signed an agreement to enhance cooperation in the supply of critical minerals and rare earths. This partnership seeks to reduce dependency on external sources and ensure the resilience and security of supply chains vital for technology and defense industries.

The agreement outlines collaborative projects to address supply chain gaps for critical minerals and rare earths, including products like permanent magnets, batteries, catalysts, and optical materials.

President Trump and Prime Minister Takaichi are scheduled to visit the U.S. naval base in Yokosuka, home to the aircraft carrier USS George Washington. President Trump will also engage with business leaders in Tokyo before traveling to South Korea to discuss economic issues with Chinese President Xi Jinping.

Based on reporting by Al Jazeera.