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.
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