America's $60 Billion Plan to Counter China Overseas (Patreon)

America's $60 Billion Plan to Counter China Overseas

A new front in the US-China trade war has opened up and that’s foreign investment. In the beginning of October, President Trump signed the Better Utilization of Investments Leading to Development, or BUILD Act. It combines several smaller government agencies into the new US International Development Finance Corporation, or IDFC with 60 billion dollars to invest in developing nations around the world—mostly in Africa. The goal is to counter Chinese investment in Chinese leader Xi Jinping's Belt and Road Initiative. America Uncovered relies on viewer support. Click here to learn more: https://www.patreon.com/americauncovered or visit us on Facebook! https://www.facebook.com/America-Uncovered-1819821761677650 or Twitter! https://twitter.com/USUncovered Sources: http://fortune.com/2018/06/15/trade-war-trump-china-tariffs-50-billion-approved/ https://www.nytimes.com/2018/09/17/us/politics/trump-china-tariffs-trade.html https://www.nytimes.com/2018/10/10/business/us-china-investment-cfius.html https://www.wsj.com/articles/u-s-to-strengthen-controls-on-nuclear-technology-exports-to-china-1539287722 https://www.devex.com/news/a-new-us-development-finance-agency-takes-flight-93572 https://qz.com/africa/1423506/china-africa-debt-us-will-invest-60-billion-overseas-to-beat-chin-at-development/ https://cei.org/content/case-against-overseas-private-investment-corporation https://www.nytimes.com/2018/10/14/world/asia/donald-trump-foreign-aid-bill.html https://youtu.be/6KFBHBMatXk?t=90 https://ichef.bbci.co.uk/news/660/cpsprodpb/16B3/production/_96211850_hambantotaportarial.jpg http://dailycaller.com/2018/03/03/change-is-coming-china-is-accelerating-its-plan-for-a-military-base-in-pakistan/ https://www.theepochtimes.com/how-africa-has-become-a-second-front-in-the-us-china-struggle_2657439.html https://www.wsj.com/articles/chinas-xi-pledges-60-billion-toward-africas-development-waives-some-debt-1535985008 https://www.wsj.com/articles/to-counter-china-u-s-looks-to-invest-billions-more-overseas-1535728206 http://sunshinestatenews.com/story/ted-yohos-foreign-aid-reform-bill-clears-house?utm_source=Constant%20Contact&utm_medium=email&utm_campaign=News%20Alerts