US EditionCiting Norway, Graham calls for tariffs on countries that won't work with U.S. companies
Senator Graham warned Norway of potential tariffs and visa restrictions after its $2.4 billion sovereign wealth fund divested from Caterpillar over Israeli military use of its equipment in Palestinian territories.
- Norway's sovereign wealth fund sold its 1.23% stake in Caterpillar on Monday, citing ethical concerns over Israel's use of the company's equipment in Gaza.
- The divestment occurred following advice from an ethics committee established by Norway’s Ministry of Finance to ensure companies in the fund’s portfolio comply with ethical standards set by the Norwegian parliament.
- U.S. Senator Lindsey Graham strongly criticized Norway's decision as 'beyond offensive' and warned it could prompt tariffs and visa restrictions against the fund's managers.
- The fund's stake was valued at 24.4 billion kroner , and Graham wrote on social media urging reconsideration and possible tariffs on countries refusing business with American firms.
- The dispute highlights tensions over ethical investing amid geopolitical conflict, as Norway balances fund governance with international relations and U.S. political pressure.
14 Articles
14 Articles
Norway Seeks to Defuse Clash With Trump Ally Over Fund's Caterpillar Exit
Norway's prime minister said on Friday he had contacted U.S. Sen. Lindsey Graham to try to defuse a controversy over a decision by the Norwegian sovereign fund to sell all its shares in construction equipment group Caterpillar on ethics grounds.
Citing Norway, Graham calls for tariffs on countries that won't work with U.S. companies
The U.S. should consider imposing tariffs on goods from countries that refuse to do business with U.S. companies, Senate Budget Committee Chair Lindsey Graham (R-SC) charged on Thursday, citing moves made by Norway’s sovereign wealth fund related to Israel. He also floated plans to introduce legislation to impose tariffs on countries that purchase Iranian oil. Norway’s sovereign wealth fund has begun selling its shares of the construction equipm…
Graham Threatens Tariffs, Travel Sanctions On Norway Over Boycott Of IDF, Caterpillar
Graham Threatens Tariffs, Travel Sanctions On Norway Over Boycott Of IDF, Caterpillar Senator Lindsey Graham has blasted and threatened Norway twice in the last 24 hours, soon after the Scandinavian country's $2 trillion wealth fund - which springs largely from energy resources - announced it is divesting from Caterpillar over concerns the Israeli military has been using its bulldozers to violate human rights in Gaza and against Palestinians. No…
Graham floats retaliatory tariffs, visa restrictions over Norway BDS move
Sen. Lindsey Graham (R-SC) on Wednesday floated the possibility of punitive tariffs and visa restrictions in response to Norges Bank Investment Management’s —the Norwegian sovereign wealth fund — decision to sell its stake in the American machinery company Caterpillar in response to the Israeli military’s use of its products. “To those who run Norway’s sovereign wealth fund: if you cannot do business with Caterpillar because Israel uses their pr…
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