Norway Wealth Fund Divestment Draws GOP Senator McCormick’s Ire

Senator Dave McCormick, an ally of President Donald Trump, urged the White House to consider tariffs and restricting Norway’s access to US markets in response to the Norwegian sovereign wealth fund’s decision to divest from Texas-based Caterpillar Inc.

The Pennsylvania Republican said the administration should have “all options on the table” when deciding how to respond, including sanctioning visas for those who are involved in decisions that negatively affect American companies.

Dave McCormick

Photographer: David Paul Morris/Bloomberg

“These decisions constitute a form of economic warfare directed by a foreign government against the US economy that has not been addressed in past trade ...