Ordinarily, a question of whether to reauthorize the U.S. Export-Import Bank (Ex-Im) and to increase its loan limit would be about asuncontroversial a proposition as one could find on Capitol Hill.

CENTERFORSECURITYPOLICY: Fund But Verify the Export-Import Bank

If this limit is breached, HM Revenue and Customs can insist on the payment of import duty and VAT of up to 20% on many items, which may include those prized jeans or iPods.

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