Washington, July 16 (IANS) The Trump administration has told lawmakers that it is reshaping US development finance and overseas investment to reduce America’s dependence on China for critical minerals, energy, telecommunications and other strategic supply chains, arguing that economic security has become inseparable from national security.Appearing before the House Foreign Affairs Committee on Wednesday (local time), senior officials from the US International Development Finance Corporation (DFC…
Latest Benjamin Black News & Updates
Washington, July 16 (IANS) The Trump administration has announced that it is stepping up investments in South and Southeast Asia as part of a broader strategy to reduce dependence on China for critical supply chains, as the US International Development Finance Corporation (DFC) approved $1.5 billion for energy infrastructure across the region. The funding is aimed at supporting American liquefied natural gas (LNG) exports and energy equipment while strengthening supply chains in a region Washing…