EU to Review Foreign Aid Allocations amid Trump and China Competition.

The European Union plans to review its foreign aid expenditures

The European Union is considering the possibility of revising its foreign aid spending. This necessity has arisen due to the freezing of programs by the United States Agency for International Development (USAID), which was announced by former US President Donald Trump, Bloomberg reports.

Given the constraints of the EU's overall budget, which accounts for about 1% of GDP and has to cover various needs from environmental development to defense, the European Commission aims to make aid more targeted. One of the primary goals is to ensure access to strategic resources and reduce the influx of migrants.

It should be noted that the EU and its members are the largest donors of international aid, providing nearly 96 billion euros (99 billion dollars) for development and humanitarian programs in 2023. In comparison, the US provided 72 billion dollars, of which 40 billion went through USAID.

The European Union and the United States are actively competing with China for influence in resource-rich regions such as Africa and South America. The EU is attempting to position itself as a reliable partner, especially in the context of Trump's 'unpredictable policy.'

The European Commission is expected to soon present new proposals regarding the budget for the period 2028-2034 to accommodate these changes and new priorities.

Earlier, Musk stated that USAID 'needs to die.'