The woman President Trump appointed to subsidize U.S. exports says she’ll go toe-to-toe with China. Kimberly Reed, the new president of the Export-Import Bank, said in a recent interview that part of her job is “to advance the comparative leadership of the United States with respect to China.”

But her agency has a long history (including a very recent history) of subsidizing Chinese manufacturers and Chinese state-owned companies that directly compete with U.S. companies.