WASHINGTON, United States, March 20, 2026 (BSS/AFP) - The United States and Japan announced Thursday a $40 billion project to build nuclear reactors in Tennessee and Alabama, after a meeting of the two countries' leaders in Washington. Thursday's joint statement on the so-called small modular reactors (SMRs) also announced a $33 billion investment in natural gas power generation facilities in Pennsylvania and Texas. The countries announced the first tranche of projects under the new investment fund in February, with $36 billion in commitments in three infrastructure projects. Both sides also released an action plan on developing critical mineral supply chains, amid concerns about China's dominant role in the sector. It includes discussing coordinated trade policies and mechanisms, such as border-adjusted price floors, "focusing in the first instance on select critical minerals."

Source: Bangladesh Sangbad Sangstha March 20, 2026 04:07 UTC