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Norway’s sovereign wealth fund has sold shares in Caterpillar, citing the use of its bulldozers in demolishing Palestinian property in violation of international law. The Trump administration expressed strong concern, protested to Oslo, and threatened tariffs and visa bans against fund officials. Senator Lindsey Graham warned Norway of consequences for targeting Caterpillar. The divestment marks the first time the fund has acted against a non-Israeli firm over the conflict. The issue is also influencing Norway’s upcoming parliamentary elections.

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Bonik Barta 06 Sep 25

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]


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