Back to Career News

US a Developing Country, Can’t Give Aid to India, Says Donald Trump

September 27, 2018

US a Developing Country, Can’t Give Aid to India, Says Donald Trump
US President Donald Trump said that America is a developing country which is why it can’t afford to subsidize countries like India and China any longer. 

Trump was present at a fundraiser in North Dakota when he said that he wants to stop the funding to growing nations like India and China. He said that he considers the US as a developing nation which is growing just like the others. He also blamed the World Trade Organization (WTO) for categorizing China as a “developing country” as the status allows it to receive subsidies even though it has become a “great economic power”.

Recommended for you ...

India's UPI Transactions Dip Slightly in April 2024
India's UPI Transactions Dip Slightly in April 2024

May 03, 2024

Manipal Group's Claypond Capital and Axis Bank in Talks to Invest in Gold Loan Startup Rupeek
Manipal Group's Claypond Capital and Axis Bank in Talks to Invest in Gold Loan Startup Rupeek

May 03, 2024

Airtel Payments Bank CEO Optimistic About Strong Growth Trajectory in India's Digital Banking Landscape
Airtel Payments Bank CEO Optimistic About Strong Growth Trajectory in India's Digital Banking Landscape

May 03, 2024

Chat on WhatsApp