Keep the Export-Import Bank to counter China
What the document says“To ignore these changes and leave the United States without its own export financing weapon is to resign the United States to a reduced role in world geopolitical affairs”
This is the case made by the chapter's second essay. It argues that China's export credit activity exceeds that of the G7 combined, that China is the world's largest official creditor, that it does not follow the rules-based order governing export credit, and that allied export credit agencies have drawn manufacturing away from American soil. It records that President Reagan opposed the bank as a candidate and changed his position in office.
What the document actually says“To ignore these changes and leave the United States without its own export financing weapon is to resign the United States to a reduced role in world geopolitical affairs”
Without this bank, America would count for less in the world. That is the second essay's case.
China lends huge sums to other countries. So do allies. This essay says America needs the same tool. Without it, American firms lose deals.
The chapter itself contains the opposing case. The first essay, by Veronique de Rugy, argues the bank should be abolished and that using it against China will fail. Neither is presented as the chapter's conclusion.
No action is recorded against this proposal. That is not evidence that none has been taken. See what the tracker does not yet cover.