On February 21, 2025, President Trump announced the “America First Investment Policy,” regulating foreign investment in the U.S. The policy categorizes international investors into six groups, with varying treatment based on their country of origin. Key elements include general investment principles favoring allies, provisions regarding the Committee on Foreign Investment in the U.S. (CFIUS), and new regulations on greenfield investments and reverse CFIUS for U.S. outbound investments. The policy emphasizes restrictive measures against China and poses challenges for investors needing to choose sides regarding technology and infrastructure. Overall, it aims to safeguard U.S. national interests while navigating complex international investment dynamics.