President Donald Trump's "America First" stance is making the U.S. more isolated on the world stage, with the country quickly losing soft power to China, a former U.S. Treasury official told CNBC Thursday.
That shift is readily apparent at this week's annual meetings of the World Bank and the International Monetary Fund in Washington, according to Scott Morris, who oversaw U.S. global development policy and worked with the World Bank while in the Treasury Department during the Obama administration.
"You have a China that is looking to showcase its multi-trillion dollar 'Belt-Road' initiative with very high-profile events and then you have American officials who want to say no to everything: No to ambition at the World Bank, no to trade agreements," Morris told CNBC's "Squawk Box."
"That's a message that is a hard sell to the rest of the international community," he added.
