Caterpillar Share Sale: U.S. Tariff Threat Against Norway’s Sovereign Wealth Fund
Norway’s sovereign wealth fund, the Oil Fund, has sold its shares in U.S. construction equipment company Caterpillar due to the company’s involvement in Israeli operations. The move has drawn strong criticism from the Trump administration, which expressed it was “deeply concerned” and lodged a direct protest with the Norwegian government. Washington has also threatened to impose tariffs on Norway’s sovereign fund. [Source: FT]