Trade Policy News
Follow developments in American trade policy, from free trade agreements to protectionist measures, with reporting and conservative analysis.
-
- News
Export-Import Bank Faces Tough Road to Reauthorization After Kevin McCarthy’s Opposition
Today was supposed to be the day supporters of the Export-Import Bank struck back. After weeks of disappointing news and dimming prospects for the bank’s reauthorization, the U.S. Chamber of Commerce and National Association of Manufacturers picked Monday to roll out an “all-hands-on-deck” public-relations campaign in favor of the government agency. The leaders of both…Rob Bluey -
- News
Sunlight Report: Don’t Underestimate Export-Import Bank’s Corporate Friends
Despite losing a friend in House leadership and now his successor’s avowed lack of interest, the Export-Import Bank — which has been criticized for promoting corporate welfare — remains well-positioned to secure reauthorization this fall. That’s the conclusion of the Sunlight Foundation, which analyzed the lobbying efforts of the bank’s corporate beneficiaries. In fact, it’s…Kevin Mooney -
- News
Incoming House Majority Leader Kevin McCarthy Says Export-Import Bank Should Close
The Export-Import Bank’s path to reauthorization just got more complicated. Kevin McCarthy, the California Republican who will soon become House majority leader, said on “Fox News Sunday” that he opposes renewing the bank’s charter. Watch the part at 22 seconds where McCarthy explains one of the biggest problems with government.Rob Bluey -
- Opinion
Laughing All the Way to the Export-Import Bank
This fall, the charter for the Export-Import Bank is set to expire. The Kronies don’t want you to know who or what is truly behind the bank. But here is the truth: Since its creation in 1934, the Ex-Im Bank has become “little more than a fund for corporate welfare.” At least that’s what Barack…Wesley Coopersmith -
- Opinion
Make Export–Import Bank Accounting ‘Fair’ to Taxpayers
The Wall Street Journal in recent days has published a variety of opinions on congressional reauthorization of the Export-Import Bank—which doles out subsidies to foreign firms to purchase U.S. products. Most of the arguments—pro and con—merit polite consideration. But others require a response. Such is the case with the June 17 letter to the editor…Diane Katz -
- News
Eric Cantor’s Loss Reverberates at Boeing, Biggest Beneficiary of Export-Import Bank Subsidies
Boeing, the biggest beneficiary of the U.S. Export-Import Bank, watched its stock drop by the biggest margin in months following House Majority Leader Eric Cantor’s primary election defeat Tuesday. A federal agency that subsidizes American exports, the Export-Import Bank regularly subsidizes Boeing’s foreign sales. Just last month, Boeing announced the bank would underwrite $10 billion…Philip Wegmann -
- Opinion
The Real Story Behind the Small Business the Export-Import Bank Claims It Built
Officials of the Export-Import Bank have gotten themselves into quite a pickle. The “small business” they continuously showcase as proof of their success actually has a different history than the promotional version. In a variety of videos, press releases, news accounts and blogs, bank Chairman and President Phil Hochberg extols Ex-Im for transforming Miss Jenny’s…Diane Katz