Friends of Manufacturing

In win for Boeing and GE, Trump says he wants to revive export bank


President Donald Trump plans to revive the hobbled Export-Import Bank of the United States, his office said, a victory for American manufacturers like Boeing Co (BA.N) and General Electric Co (GE.N) which have overseas customers that use the agency's government-backed loans to purchase their products.

Trump first told the Wall Street Journal on Wednesday he would fill two vacancies on the agency's five-member board that have prevented the bank from having a quorum and being able to act on loans over $10 million. Trump's picks must gain approval from the Senate, which blocked nominees by former President Barack Obama.

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