Trump Supports Ex-Im Bank

In case you missed this: President Trump, in an interview with the Wall Street Journal, indicated a change of opinion on the Export-Import Bank. In a welcome development for U.S. manufacturing exporting, the president said he now supports the bank.

The president said: “I was very much opposed to Ex-Im Bank, because I said what do we need that for IBM and for General Electric and all these — it turns out that, first of all lots of small companies will really be helped, the vendor companies, but also maybe more importantly, other countries give it. And when other countries give it, we lose a tremendous amount of business.

“So instinctively you would say it’s a ridiculous thing but actually it’s a very good thing and it actually makes money. You know, it actually could make a lot of money.”  4/13/2017

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