If you are wearing a tie, there’s a good chance it was made in China. The factory where that tie was made was probably subsidized by the Chinese government. But here’s what you probably never guessed: That subsidized Chinese factory may have been subsidized by you, the U.S. taxpayer.

And for that, thank the Export-Import Bank of the United States, a federal agency whose single biggest recipient is the communist-run government of China.

Recommended Stories

Don’t bail out Boeing

Carney: U.S. taxpayers on hook for coming aircraft bubble burst

Export-Import Bank subsidizes exports, but doesn’t actually increase exports