Donald Trump Wants to Stop Subsidies to Growing Economies Like India, China.

President Donald Trump on Friday said he wants to stop 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 Trade Organization (WTO) of allowing China to become a "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 big fan of (Chinese) President Xi Jinping, but I told him, 'we have to be fair'." "We can't let China take USD 500 billion a year out of the United States and rebuild itself," he added.

“For years and years, we’ve been protecting these countries. They’re making 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.