Trump moves to restore the powers of US ExIm Bank

Guoming Chen

Boeing should be able to breathe a sigh of relief that Donald Trump has decided to save the ExIm Bank after all. It had recently been a political football, unable to sign off on deals worth more than $10m, as it lacked sufficient board members. Now Mr Trump has been persuaded that the bank is not “ridiculous”, as he had claimed, and in fact is a “very good thing”, it will stay open. But one source of remaining concern might be that Mr T has nominated two new board members – one of which is Scott Garrett, who has also been vocal in his dislike of the bank.