The Trump administration is rolling out a plan to offer the countries of Asia another option besides accepting investment from China's massive One Belt, One Road initiative.
The Trump administration is betting that Asian countries are thirsting for ways to develop their economies without Chinese strings attached.
While Pompeo won't say this out loud, the administration believes that countries are increasingly put off by the Chinese approach.
Of course, any Asia economic strategy is incomplete without a robust trade component and the Trump administration withdrew from negotiations over the 12-nation Trans-Pacific Partnership.
The Obama administration announced a "Pivot" to Asia but never really implemented it, on either the military side or the economic side.
The Trump administration now needs to put its money where its mouth is.
Countries in Asia can't be expected to reject gobs of Chinese government funding, even if the terms are bad. But they should at least be given the option to do business with the United States, which would be much healthier for their economies and ours.
https://www.washingtonpost.com/news/josh-rogin/wp/2018/07/30/the-trump-administration-offers-asia-an-alternative-to-chinese-investment/?noredirect=on&utm_term=.c325b2030383
The Trump administration is betting that Asian countries are thirsting for ways to develop their economies without Chinese strings attached.
While Pompeo won't say this out loud, the administration believes that countries are increasingly put off by the Chinese approach.
Of course, any Asia economic strategy is incomplete without a robust trade component and the Trump administration withdrew from negotiations over the 12-nation Trans-Pacific Partnership.
The Obama administration announced a "Pivot" to Asia but never really implemented it, on either the military side or the economic side.
The Trump administration now needs to put its money where its mouth is.
Countries in Asia can't be expected to reject gobs of Chinese government funding, even if the terms are bad. But they should at least be given the option to do business with the United States, which would be much healthier for their economies and ours.
https://www.washingtonpost.com/news/josh-rogin/wp/2018/07/30/the-trump-administration-offers-asia-an-alternative-to-chinese-investment/?noredirect=on&utm_term=.c325b2030383
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