The president has removed the director of the government ethics office, and the administration has paused enforcement of the Foreign Corrupt Practices Act.
Asian economies are striving to avert Trump tariffs as they have hefty trade surpluses with the U.S. and levy much higher duties on imports from the country.
Gupta's comments come as Southeast Asia's largest bank by assets posted a solid showing in its full year results, with net profit reaching a record high.
Finance Minister Nicola Willis says "New Zealand is distinguished in that we have a very balanced and complementary trade relationship with the United States."
"This could have a chilling effect for, conservatively, 12 months, but probably longer," Justin Hall of Golden Gate Ventures says of the eFishery investigation.
Singapore has more than 2,000 single-family offices — up from 200 in 2019. Many are channeling their overseas charitable efforts through the city-state.