Trump slashed US aid to China by more than half during last fiscal year


President Trump slashed U.S. foreign aid to China by more than half in just one year.

Direct aid from the United States to China dropped from $62 million to $30 million, or 52%, between fiscal year 2019 and fiscal year 2020, according to an Office of Management and Budget report obtained by the Spectator.

The report provides a complete accounting of America's spending on China and also shows that spending on strategic competition with China increased by 12%.

Additionally, the U.S. also hit China with $60 billion worth of duties on imported goods.

Several China support programs were drastically trimmed or cut entirely during Trump’s time in office, including financing guarantees from the Export-Import Bank that stood at $11 million in 2019 and were slashed to zero in 2020.

The U.S. Trade and Development Agency ceased doing business with China, which took away $2 million of investments into Chinese infrastructure projects, and the U.S. Peace Corps program was also cut.

In a letter to Sen. Rick Scott about the report, OMB Director Russ Vought said: “This is the first time that OMB has conducted a government-wide accounting of US spending in China and US spending that supports strategic competition with China. I believe it’s especially important that we prevent US taxpayer funding from supporting our strategic adversaries.”

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