SUPPORT PRESIDENT TRUMP’S “AMERICA FIRST INVESTMENT POLICY”

On February 21, 2025, President Trump issued a National Security Presidential Memorandum ordering the federal government to implement an “America First Investment Policy.” It is hard to overstate the importance of this initiative.

For the first time, it is the policy of the United States to prevent the underwriting of the Chinese Communist Party (CCP) and its military, the People’s Liberation Army (PLA), by American investors. To date, Wall Street has pursued what might be called a “China First Investment Policy” – transferring by some estimates $2-$5 trillion in American institutional and mostly unwitting retail investor funds to companies controlled by the CCP, including many tied directly to the PLA.

The effect has been nothing short of catastrophic. Thanks to our funding, in the space of the past three decades, Communist China has been transformed from a backward, impoverished country to a global superpower, economically, militarily and strategically. Its armed forces are considered to be on a par with, and in some areas superior to, ours. That’s an especially grave danger at a time when the Chinese regime is repeatedly threatening to destroy our country.

Fortunately, President Trump is determined to end such insanity. His memo will curtail both U.S. investment in what the CCP calls “military-civilian fusion” companies and problematic Chinese investments in this country.

A prime example of both these lines of attack against us is an impending Initial Public Offering (IPO) on the Hong Kong exchange for a Chinese electric battery giant known as CATL. Four top U.S. investment banks – J.P. Morgan, Bank of America, Morgan Stanley and Goldman Sachs – are dismissing the President's directives by sponsoring and helping manage this IPO. CATL hopes to raise some $7.7 billion, and perhaps as much as $21 billion, for this enterprise that the Pentagon has designated a “Chinese military company operating in the United States.” Members of Congress believe it also employs slave labor. CATL is likewise investing in our energy sector, building an electric battery manufacturing plant in Michigan.

President Trump is right: American investors should not be investing in Chinese companies like CATL. Please join us in sending a letter saying so to him, your representatives in Congress, the Treasury Secretary and the acting Chairman of the Securities and Exchange Commission vigorously opposing Wall Street’s continued effort to pursue a China First Investment Policy by enabling the insidious CATL IPO to raise billions from U.S. investors.

––
RESOURCES
America First Investment Policy, February 21, 2025
https://www.whitehouse.gov/presidential-actions/2025/02/america-first-investment-policy