Allianz Global Investors: The United States may lose its status as a 'safe haven' for investments.

The Republican Party's attempt to abolish legislation supporting key industries such as clean energy may result in the United States losing its status as a destination for investor capital. House Republicans have passed a tax bill that repeals several incentives in the 2022 Inflation Reduction Act, which could disrupt investment strategies based on clean energy transition. Due to the uncertainty and volatility of U.S. policies, asset management companies are beginning to allocate more funds to European projects that have more coherent policies and fundamental demand support.