Ellis: Congress Must Stand with President Trump to Fight China’s Economic Aggression

Breitbart | 11/15/2019 | Staff
jolanjolan (Posted by) Level 3
Click For Photo: https://media.breitbart.com/media/2019/09/wi/afp/03/cbed66_us-president-donald-trump-pictured-left-chinese-leader-xi-jinping-in-2019-640x335.jpg

The following article is sponsored by American Jobs Alliance and written by Curtis Ellis.

Republicans need to give President Trump the tools he needs to fight China’s economic aggression against the U.S. and win.

President - Trump - Alarm - Nature - Beijing

President Trump sounded the alarm on the true nature of Beijing’s communist regime when he declared America’s days of economic surrender are over.

History may record this as President Trump’s greatest single accomplishment.

History - Books - History - Victors - Beijing

But that will only happen if we write the history books — history is written by the victors. Should Beijing succeed in its bid to take over the world, the history of the United States as well as our future will look very different.

Congress will determine what that future looks like.

Whether - China - Lawmakers - Export-Import - Bank

Whether or not China succeeds depends on whether or not lawmakers reauthorize the Export-Import Bank.

Ex-Im, as the bank commonly known, is the export credit agency of the U.S. government. It facilitates the export of U.S. goods and services by providing American businesses with the financing necessary to compete for global sales. It actually makes a profit, returning billions to the Treasury as exporters repay the loans.

Businesses - Competition - Contracts - World

American businesses face stiff competition as they bid for contracts around the world.

The Trump administration is committed to reauthorizing the bank because it is essential to countering international competitors such as China that make use of a diverse array of credit agencies.

Government - World - Provider - Export - Subsidies

The Chinese communist government is the world’s largest provider of export subsidies. It is using them on a global scale to outmaneuver the U.S. in Africa, Asia and Latin America.

China’s main international finance agencies, Export-Import Bank of China (China Exim Bank) and the China Development Bank (CDB), are funding $334 billion of infrastructure projects globally.

Companies - Companies - Dams - Ports - Power

This allows Chinese companies to beat out American companies to build dams, ports, power plants and other infrastructure projects around the world. Bye bye, Bechtel – Beijing...
(Excerpt) Read more at: Breitbart
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