Came across a fascinating post last night, about how Florida's economy is helped
thanks to government aid. Normally, I wouldn't really notice, but we are currently
threatened with stiff tariffs by our Southern neighbor unless we stop all subsidies
'unfair' to American business. We do need some clarity in our own minds as to what
is being talked about.
The US Constitution is different from the Canadian. It defines a federated union of Independent
States whereas Canada - as a historical colony - is more of a unitary State with devolved
powers to Provinces. Taxes and transfers will be different and we need to be thorough and
clear as negotiations proceed...
"What is the US Import Export Bank?
The U.S. Export-Import Bank (commonly referred to as EXIM Bank) is a federal government agency that helps American businesses compete globally by providing financial assistance. Its primary mission is to support the export of U.S.-made goods and services, particularly in cases where private sector funding isn't available or is insufficient.
EXIM Bank does this by offering loans, loan guarantees, and insurance to both exporters and international buyers. This enables U.S. companies to engage in global trade, even in challenging financial or political circumstances. By facilitating these exports, the bank supports American jobs and strengthens the nation's economy.
For example, in Florida alone, EXIM Bank has financed $7 billion in exports from hundreds of companies since 2014, helping them maintain a competitive edge on the international stage. Let me know if you'd like more details on its role or functions!"
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