“Instinctively, you would say, ‘Isn’t that a ridiculous thing?'” President Trump said this week of the Export-Import Bank, which extends taxpayer financing to foreign companies if they buy American goods. “But actually, it’s a very good thing,” he concluded.
This was a 180-degree turn since candidate Trump called Ex-Im unnecessary “featherbedding” for big exporters who can find their own financing.
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