Japan recently signed an agreement to partially fund a U.S. nuclear project as part of a deal to invest $550 billion in the United States. In a new insight, Shuting Pomerleau and Jacob Jensen summarize the current nuclear energy industry landscape and assess the trade relationship between the United States and Japan.

Key points:

• Japan agreed to partially fund a U.S. nuclear project worth $80–$100 billion for Westinghouse to build nuclear reactors and other investments.
• Japan has strong capabilities in manufacturing nuclear reactor parts that require heavy forging, while the United States does not.
• Japan is an important trading partner in nuclear energy products for the United States, which imported about $1.4 million worth of nuclear reactor parts – nearly 20 percent of its total nuclear reactor part imports – from Japan in 2024.

Read the analysis.