On February 21, 2025, President Trump announced the “America First Investment Policy,” focusing on enhancing U.S. national security through investment strategies. This memorandum directs various federal agencies to promote investments from allied nations while safeguarding against foreign adversaries, particularly China. It proposes a fast-track review for allied investments in critical sectors and plans to restrict PRC-affiliated investments. It also considers new restrictions on U.S. investments in sensitive technologies linked to China. While encouraging passive investments, the policy emphasizes reviewing auditing standards for foreign companies and may create both opportunities and challenges for U.S. and foreign investors.