Pompeo announces $113 million in new US initiatives in ‘Indo-Pacific’

pompeo

Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo on Monday announced $113 million in new regional investments focused on technology, energy and infrastructure.

The announcement comes at a time when trade frictions with China have given U.S. trade diplomacy a sharper edge. A senior U.S. official said the investments were not aimed at countering China’s Belt and Road Initiative, which consists of mostly state-led infrastructure projects linking Asia, parts of Africa and Europe…

Read more : CNBC, 30.7.2018