Trump touts three major projects in the wake of US-Japan trade deal

President Donald Trump announced Tuesday that the United States' $550 billion trade deal with Japan has gone into effect and the U.S. is expected to receive its first set of investments which will fund major programs in three states.

The trade deal was reached last year and Trump has claimed the deal will help revitalize the American Industrial Base, create hundreds of thousands of jobs and boost U.S. national and economic security. 

The president said the deal will fund projects in three states, including a liquefied natural gas project in Texas, a gas power plant in Ohio and a critical minerals facility in Georgia.

"The scale of these projects are so large, and could not be done without one very special word, TARIFFS," Trump posted on Truth Social. "The Gas Power Plant in Ohio ... will be the largest in History, the LNG Facility in the Gulf of America will drive exports, and further our Country's Energy dominance, and our critical minerals facility will end our foolish dependence on foreign sources.

"America is building again. America is producing again. And America is WINNING again," he continued. "This is a very exciting and HISTORIC time for the United States of America and Japan. Congratulations to all!"

The announcement comes a month before Trump is expected to host Japanese Prime Minister Sanae Takaichi at the White House. The United States agreed to lower its tariff rate against Japan to 15% as part of the deal, instead of 25%.