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EXIM Nominee Says Bank Must Counter China; Senators Press Priorities on Critical Minerals, Biotech and Supply Chains
Summary
Export‑Import Bank nominee Mr. Yovanovitch told the Senate committee he would focus EXIM on resilient supply chains and mobilizing private capital to counter China; senators asked how EXIM can marshal new authorities and prioritise sectors including critical minerals, biotech and nuclear energy.
Mister Yovanovitch, President Trump’s nominee to be chairman and president of the Export‑Import Bank of the United States, told the Senate Banking, Housing, and Urban Affairs Committee that EXIM must be focal in “revitalizing America’s economy” and in countering state‑backed export credit programs from China.
Yovanovitch told senators that China’s export credit support is large — he described it as equivalent to roughly “90% of the entire G‑7 combined” over recent years — and that EXIM should use a cohesive strategy and public‑private mobilization to help American exporters compete. He said he would…
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