The United States President Donald Trump on Friday said he wants to stꦚop the subsidies that growing economies like India and China have been receiving as he wants the US, which he considers as a "developing nation", to grow faster than anybody.
Addressing a ෴fundraiser event in the Fargo city of North Dakota, he also accused the World Traඣde Organisation (WTO) of allowing China to become a "great economic power".
&quꦗot;We have some of these countries that are considered growing economies. Some countries that have not matured enough yet, so we are paying them subsidies. Whole thing is crazy. Like India, like China, like others we say, 'oh, they're growing actually'," Trump said.
He said that they call themselves developing nations and "under that c🍸ategory they get subsidies."
"We have to pay them money. This whole thin🌌g is crazy, but we're going to stop it. We're going to stop it. We have stopped it.
"We are a developing nation, too, OK? We are. As far as I'm concerned, we are a developing nation. I want to be put down in that category because we are growing, too. We are going to grow faster than anybody,&q𒈔uot; Trump said amidst applause from the audience.
Attacking the WTO, Trump said he thinks tha🐎t the World Trade Organisation was probably the worst of all. "But a lot of people don't know what that is, that allowed China to become this great economic power".
On the trade deficit between the US and China, which has led to a tariff war between the world's top two economies, he said, "I'm a b♐ig fan of (Chinese) President Xi Jinping, but I t♓old him, 'we have to be fair'."
"We can't let China take $500 billion a year out of the Unꦫited States and r🐲ebuild itself," he added.
The President also said that the US should get paid for securing the wealthy countries from the oඣutside harm.
"I think it's fine, but💃 they got to pay us for this. We're watching the whole world and they take it for granted.
"For years and years we've been protecting these countries. They're mak꧃ing a fortune. They've had very little military cost. We have the biggest military cost in the world. Most of it goes to protecting outside countries, some of whom don't even like us," Trump said.
"We're protecting countries that have --⛎ I got to say, they do have respect for us now, but they didn't have any respect for us, and they got to pay. They got to pay, you know, when they're wealthy," he said.
(PTI)
