The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.

In earlier talks, Japan offered to increase imports of US agricultural goods and review its “non-tariff trade barriers” to American car sales to respond to the concerns of the Trump administration. In addition, the government is mulling to collaborate with the US to secure supply chains of rare earth magnets and semiconductors.

TOKYO: Japan and the United States held another round of trade talks in Washington as officials try to reach an agreement ahead of a Group of Seven (G7) summit in Canada and a meeting between President Donald Trump and Prime Minister Shigeru Ishiba.

US President Donald Trump says the government has a golden share in US Steel that he described as under his control. Such a stake could let the president veto some decisions by Japanese firm Nippon Steel after its planned takeover of the American steelmaker.

For Japan and many other countries, the vulnerability that comes with relying on U.S. markets has become startlingly clear. First came tariffs on Canada, China, and Mexico. Then, in February, the administration introduced a 25 percent tariff on steel and aluminum (this week,