The Presidential memorandum establishes an "America First" investment policy aimed at bolstering US national and economic security.

It prioritizes investments from allies while significantly restricting those from adversaries, particularly China, focusing on sectors like technology, infrastructure, and critical resources.

The policy utilizes existing mechanisms like CFIUS and explores new legal tools, including potential sanctions, to counter adversary acquisition of sensitive US assets.

Expedited review processes for allied investments and stricter oversight of adversary investments are key components.

The memorandum also initiates reviews of existing tax treaties and financial regulations to further protect US interests and direct investment toward domestic growth.

This Presidential Memorandum directs several federal agencies to take action against foreign governments imposing discriminatory taxes and regulations on American companies, particularly in the technology sector.

The administration will use tariffs and other responsive actions to mitigate harm and restore balance, considering discriminatory taxes, restrictive regulations, jeopardizing intellectual property, and undermining global competitiveness.

Agencies are tasked with investigating specific countries' practices and recommending countermeasures, aiming to prevent the transfer of funds and intellectual property to foreign governments and promote fair competition.