The purge at the U.S. Agency for International Development is a blow to American interests and a boon to our adversaries.

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U.S. President Donald Trump on Tuesday confirmed he will "wind down" the U.S. Agency for International Development.

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The duties will also cause self-inflicted economic damage and drive up inflation, warns Quantum Strategy's David Roche.

The president appears to have adopted a proposal first made last year that offers “strategic partners” such as the U.S.