During a meeting at North Atlantic Treaty Organization headquarters in Brussels, Belgium, Pompeo said that U.S President Donald Trump is reshaping the post-World War II international order on the basis of sovereign states, not multilateral institutions.
"We are acting to preserve, protect, and advance an open, just, transparent and free world of sovereign states," the U.S. secretary of state said, adding that China's ability to benefit from the current trade system is an example of "the poisoned fruit of American retreat."
Pompeo recognized that Trump was also pushing the World Bank and the International Monetary Fund to stop funding China, saying the Asian nation already has access to financial markets to raise capital.
"International organizations should help facilitate cooperation to boost the security and values of the free world, or they should be reformed or eliminated," he stressed.
In an attempt to place Trump's decisions into a coherent foreign policy plan, Pompeo criticized multilateralism "as an end in itself," and slammed other non-commercial agreements by depicting them as not favoring U.S. national interests.
"Our administration is... lawfully exiting or renegotiating outdated or harmful treaties, trade agreements, and other international arrangements that don't serve our sovereign interests, or the interest of our allies," Pompeo said, citing the Paris Agreement on Climate Change.
This new global power, according to Pompeo, has also been taking advantage of the World Trade Organization’s rules in order to foster economic growth.