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Seven billion reasons for Honda, Toyota and Nissan to love Trump

Corporate tax cuts and fixed-asset write-offs to deliver bumper profits

You're welcome. President Donald Trump waves as he arrives to deliver his first State of the Union address on Capitol Hill in Washington on Jan. 31.   © Reuters

TOKYO -- This is our new American moment, U.S. President Donald Trump said in his first State of the Union address on Tuesday. "We slashed the business tax rate from 35% all the way down to 21%, so American companies can compete and win against anyone in the world."

Yet, it is not only American companies that will reap the benefits. The new U.S. tax code that Trump signed into law in January is likely to affect Japanese companies' earnings and business strategies.

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