On February 21, 2025, the US government issued the “America First Investment Policy” memorandum and accompanying fact sheet outlining the principles and objectives of the Trump administration’s investment policy. The memorandum focuses on the prioritization of investments from allies and partners, including those with “tremendous sovereign wealth funds,” and the particular threats posed by foreign adversaries, including China, Hong Kong, Macau, Cuba, Iran, North Korea, Russia and the regime of Venezuelan politician Nicolás Maduro. The…

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