r960-f6ebb3e3f1782c625ecf86f273e751a3.jpg


Conservatives like Jordan complain that the Ex-Im Bank is a crony capitalist bastion. (AP Photo/Lauren Victoria Burke)

On the campaign trail, President Trump promised to level the playing field between American and foreign manufacturers. Now that he’s president, that talk has fueled speculation that he’ll attempt to revive the semi-dormant Export-Import Bank.

But if the White House attempts to bring the federal agency back to full force (Ex-Im currently lacks a quorum on its board of directors and thus cannot approve deals greater than $10 million), Trump could find himself playing opposite one of his long-time teammates, former Freedom Caucus Chairman Jim Jordan, R-Ohio.

“I share Donald Trump’s strong commitment to bringing jobs back to this country of ours,” Jordan said picking his words slowly during a Monday interview. “But I just don’t think Export-Import Bank is the way to go.”

Conservatives like Jordan complain that the Ex-Im Bank is a crony capitalist bastion. Each year the bank finances billions of dollars in U.S. trade to foreign countries. Supporters insist the bank supports thousands of American jobs while opponents argue it amounts to corporate welfare.

“It’s big business cozying up to big government at the expense of regular taxpayers,” Jordan says. “I’m strongly opposed to it.”

While Trump (who said once on the campaign that he opposed Ex-Im) has stayed silent since coming into office, Sen. Heidi Heitkamp says bringing the agency back into full swing is a done deal. Last week, the North Dakota Democrat announced that Trump has already agreed to restore the bank’s lending authority. Congressman Kevin Kramer, R-N.D., tells a similar story. If they’re right, Trump could soon have a fight on his hands.

Philip Wegmann is a commentary writer for the Washington Examiner.

Trump names Lt. Gen. H.R. McMaster to be new national security adviser

Top Story

H.R. McMaster replaces Mike Flynn as Trump’s national security adviser.

By Caitlin Yilek, Kelly Cohen

02/20/17 3:03 PM

Subscribe to Alerts

Learn more about Washington Examiner’s Alerts

Loading Next Article



Source link

About the Author:

Leave a Reply