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The US Export-Import Bank is China's cash cow

Timothy P. Carney, Washington Examiner

Ex-Im clearly doesn’t promote U.S. interests or combat China’s industrial policy. It subsidizes China’s industrial policy. That's not helpful to U.S. interests. Ex-Im should be abolished. But the banks who love taxpayer guarantees and the U.S. exporters who love the export subsidies have too strong of a grip on both parties. Ex-Im looks likely to be reauthorized this year. But during the debate over Ex-Im, some Democratic congressman are fighting tooth and nail specifically to save subsidies to China’s government. Republicans should have more self-respect. Subsidizing the Communist-run government of China does not make America great.

https://www.washingtonexaminer.com/opinion/columnists/the-u-s-export-import-bank-is-chinas-cash-cow