Trump Advisers Discuss Shifting USAID Funds to DFC For Global Economic Strategy

Benzinga

President Donald Trump’s advisers are considering shifting billions from USAID to a new government-run agency, the US International Development Finance Corp. The move would reduce humanitarian aid and involve private equity in international economic influence. This proposal aligns with Trump’s strategy to counter China’s global influence, focusing on investments in critical minerals and strategic projects. The DFC, with a portfolio exceeding $50 billion, would play a more aggressive role in U.S. economic power. The shift could be executed without congressional approval due to shared budgetary sources.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02President Donald Trump's advisors are considering shifting billions from USAID to a new government-run

00:07agency, the U.S. International Development Finance Corp. The move would reduce humanitarian

00:12aid and involve private equity in international economic influence. This proposal aligns with

00:17Trump's strategy to counter China's global influence, focusing on investments in critical

00:22minerals and strategic projects. The DFC, with a portfolio exceeding $50 billion, would pay

00:28a more aggressive role in the U.S. economic power. The shift would be executed without

00:33congressional approval due to shared budgetary sources. For all things money, visit Benzinga.com

00:39slash GSTV.

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