Export-Import Bank: Taxpayer Money for Foreigners to Buy American

Export-Import Bank: Taxpayer Money for Foreigners to Buy American: "Here’s a lesser-known function of your hard-earned money: providing backing for people in other countries to buy things from America.
Come again? Yes, that’s right. Let’s say Air China wants to purchase some Boeing jets. To encourage that purchase, America’s Export-Import Bank could loan Air China the money. If Air China were to default on the loan, U.S. taxpayers would be left on the hook."



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