President Trump Hosts a Meeting with Members of Congress on Trade


The President: Okay,
thank you very much. I’m delighted to welcome
both Republicans and Democrats. Nice sound —
isn’t that a nice sound? And we won’t be
discussing DACA, but there’s plenty of discussion
right now going on about DACA from both the House and the
Senate, to the White House. We’re here today to discuss
a matter of vital importance to our nation’s
economy and security, and I’ve been
discussing it for years. And I’ve certainly
discussed it in great detail on the campaign trail. That’s America’s aluminum
and steel industries, and many other industries where we are taken advantage
of by other countries. And I alluded to it
yesterday, too. Last year, I directed
the Secretary of Commerce to investigate whether
steel and aluminum imports are threatening to impair
U.S. national security. You see what’s happened with our
steel and aluminum industries. They’re being decimated
by dumping from many countries, in particular one,
but many countries. They’re dumping and
destroying our industry and destroying
the families of workers. And we can’t let that happen. Secretary Ross
submitted the result of the investigations
to me last month. My administration is now
reviewing the reports and considering all options. And part of the options
would be tariffs coming in. As they dump steel,
they pay tariffs — substantial tariffs —
which means the United States would actually make
a lot of money, and probably our steel industry
and our aluminum industry would come back
into our country. Right now, it’s decimated. It’ll make a decision,
and I will make a decision that reflects the best interests
of the United States, including the need
to address overproduction in China and other countries. You have countries
that are so overproducing, and what they’re doing
is they are dumping it on us. And you look at empty factories,
steel factories, and plants, and it’s a very sad
thing to look at. I’ve been watching — I’ve been
looking at them for two years, as I went around campaigning. No matter where you go,
you look at them and see what happened
to U.S. Steel and these other companies.
They were the giants and now they’re
hanging on for their life. I look forward
to hearing your views, and I’d like to have
some of you speak. And you have very strong —
I know, Roy, you do,
and we all do, probably, have pretty
strong views on this. I look at it two ways: I want to
keep prices down, but I also want to make sure
that we have a steel industry and aluminum industry, and we do need that
for national defense. If we ever have a conflict, we don’t want to be
buying the steel from a country
that we’re fighting because somehow that
doesn’t work very well. But we hopefully won’t have
any conflicts, but we still have
to consider that. And we have to look
at the national defense, and we have to look
at a steel industry. We cannot be without
a steel industry. We cannot be without
an aluminum industry. And so what we’re talking about
is tariffs and/or quotas. I think maybe, Roy,
would you like to start? We’ve discussed
this over the past. Do you have any suggestion? Senator Blunt: Well,
Mr. President, I think we do need
to be careful here that we don’t start
a reciprocal battle on tariffs. You know, we make aluminum
and we make steel in Missouri, but we buy a lot of aluminum and
we buy a lot of steel as well — The President: That’s right. Senator Blunt: — from
bass boats to beer cans. There’s a lot of
aluminum out there. We’ve got an aluminum
manufacturer that closed down, but with special electric rates is reopening under
new management. And so, clearly, we’re concerned
about those new jobs, but also concerned
about all the jobs — whether it’s in
the electric steel area or the aluminum area, are very, very price
sensitive here. The President: Good.
And I understand that very well. One thing I just —
I do want to tell you, we just got this notice. General Motors in Korea
announces the first step in necessary restructuring. They’re going to —
GM Korea company announced today that it will cease production and close its Gunsan plant
in May of 2018, and they’re going to
move back to Detroit. You don’t hear these things,
except for the fact that Trump became President. Believe me, you wouldn’t
be hearing that. So, they’re moving back
from Korea to Detroit. They’re moving. Also, you saw Chrysler moving
from Mexico to Michigan. And you have many
other companies. They all want to be
where the action is. The big tax cuts
had a big impact. And Kevin knows that
maybe better than anybody. But it had a big impact
on that decision. But when you see
that General Motors — we have a very bad
trade deal with Korea. Very, very bad trade deal. It’s a deal that —
it’s incompetent that somebody could have
made a deal like that. So, we have a horrible
trade deal with Korea. But now, even before
we do something with that — because we’re negotiating
the trade deal with Korea, and we’ll either
negotiate a fair deal or we’re going to
terminate the deal. But before we do that, already General Motors
is coming back into Detroit. That is a really
significant statement. Many others to follow
from many other countries. Mike, go ahead. Representative Bost: Mr.
President, let me tell you that 2,800 people were laid off
in my district in 2015, in a steel plant that’s been
operating for over 100 years. The concern that we have is,
is that steel plant produces what’s known as the oil
country tubular goods — OCTG. OCTG, when we’re doing
the expiration, and everything like that,
in oil that we are — but Korea has dumped
200 percent in the last year in an overabundance into that particular market. Because of that, we’re not able
to get those 2,800 jobs back. And like I said,
those have been there. That group of people there — The President: So where
did it go? It went to Korea? Representative Bost: All
of the products that — they’re even coming from Korea
now that we’ve turned up. And unless we use
the power under 232 — because if something goes south,
now all of a sudden, while we’re trying to
become energy independent — but these plants don’t
turn up overnight, and we’ve got to try
to do something to work
for a long-term goal with that. The President: The Korean
Agreement — as you know, Mike, and most of the people
at this table — that was done
by the last administration. It was supposed to produce
150,000 to 200,000 jobs. And it did — for Korea. For us, it produced
nothing but losses. It’s a horrible deal. All you have to do
is look at it. You know it’s going to be bad. So the Korea deal
was a disaster. It was supposed
to be good for us, and it turned out
to be very bad for us. And just — you know,
you’re one example of it, but there are many examples
all over the country. So I just think that General
Motors moving back into Detroit is just a fantastic thing. That’s just a sign of many
other companies to come. Mike Pence, would you
have something to say? The Vice President: Well,
thank you, Mr. President. I just want to thank all of
the Republican and Democrats taking time to be here and their
profound interest in this issue. To your point,
this is about our economy, but it’s about
national security. And the President
directed a 232 review to determine whether or not
our national security has been affected by the dumping
of steel and aluminum. And today, it is very much
the President’s desire, our administration’s desire
to hear from each of you and the perspectives
that will also inform the decisions that
the President will make. I think that it’s fair to say that we all support
national security. I think that’s evidenced
by the recent budget agreement that the President helped drive, and Republicans and Democrats
have supported, for a historic increase
in our national defense. But we also all support
American jobs. And we very much look
forward to your counsel as the President
approaches this decision, and I appreciate the bipartisan
spirit of this meeting and the conversation
that will follow. The President: And really,
as Mike said, I want to hear from both sides. We have a lot of great
representatives, both Democrats and Republicans. I want to hear from both sides
before we make the decision. In one case, you’re going
to create jobs. You may have a higher price
or maybe a little bit higher, but you’re going to have jobs. In the other case,
you may have a lower price, but you’re not going have jobs; it’s going to be made
in China and other places. So, those are big decisions. But, to me,
jobs are very important. Todd, do you have
something to say? Senator Young: Mr. President, thank you for
having us here today. I represent a state
that is not only a major manufacturer of steel — we have U.S.
Steel, ArcelorMittal, and others who are
manufacturing it — but we have the downstream
users, which you alluded to. So, clearly, you understand
the need to balance the two, to come up with
a balanced approach here. I think the main target — and I’ll just speak
plainly with you, sir — should be China. They’re violating
the international rules, stealing our intellectual
property, overproducing steel products
and other products. And — The President: We’ve spoken to
them very, very strongly. We’ve told them. We have something coming up in the very near future
that you know. But we have told them
it just can’t continue. We have a trade deficit
with China — that I inherited, by the way — but we have a trade deficit
of $504 billion, okay? So, if you think of it, when you
look at how well they do, and how many bridges
they’re building, and how many jets they’re
building, and fighter planes — we did it.
We did it. People that sat in my seat
allowed them to do this. So, we’re not going
to allow that. We’re talking to them
right now, very strongly. And hopefully we’ll have
a great relationship, but we’re talking to them
very strongly, Todd. You’re right — it’s a big
percentage of our deficits. And the money that we’ve lost and the jobs that
we’ve lost to China, it’s unthinkable that people
allowed that to happen. And this is over a period —
not just Obama. This is over a period
of many years this has happened. So, thank you very much, Todd. Pat, would you like
to say something? Senator Toomey: Sure.
Thanks very much, Mr. President. I would just urge us to go
very, very cautiously here, especially with section 232. As you know, our defense needs
consume about 3 percent of domestic steel consumption. So I think it’s implausible
to believe that we’re not able to meet the needs of our
defense industry, which is absolutely essential. Imports in 2016 were 16 percent
of domestic consumption. So the vast majority
of the steel we consume, we in fact produce ourselves — which is the way I prefer it,
and it is the case today. China was down to 2 percent
of the 16 percent, so a very, very small portion. My main message — The President: But they have
transshipping. Senator Toomey: Absolutely, so — The President: They would ship
to other countries, and their steel would come in
from other countries, so that you can’t see
where the steel is coming from. Senator Toomey: Right.
So, what I would urge is, any country that is
violating our trade laws and our trade agreements,
go after them. Countervailing duty and the
dumping, if that’s happening. The President: That’s all
countries. That’s all countries. Senator Toomey: But the 232
is a different matter, and invoking national security, when I think it’s really hard
to make that case, invites retaliation
that will be problematic for us. The President: Well, the word
retaliation, Pat, is interesting.
And I know you agree with this. We have so many countries
where we made a product, they make a product,
they pay a tremendous — we pay a tremendous tax
to get into their countries — motorcycles, Harley Davidson —
it goes into a certain country. I won’t mention the fact
that it happens to be India,
in this case. (Laughter.) And a great gentleman called me
from India and he said, we have just reduced
the tariff on motorcycles, reduced it down to 50
percent — 5-0 — from 75, and even 100 percent. And we have —
if you are Harley Davidson, you have 50 to 75 percent tax, tariff to get your motorcycle,
your product in. And yet they sell thousands
and thousands of motorcycles, which a lot of people
don’t know, from India into
the United States. You know what our tax is?
Nothing. So, I say we should have
reciprocal taxes for a case like that.
I’m not blaming India. I think it’s great that
they can get away with it. I don’t know why people allowed
them to get away with it. But there’s an example
that’s very unfair. And I think we should
have a reciprocal tax. That’s called fair trade.
It’s called free trade. Because ultimately,
what’s going to happen — either we’ll collect the same
that they’re collecting, or, probably, what happens is they’ll end up
not charging a tax and we won’t have a tax. And that becomes free trade. So, we have too many
examples like that. And the word reciprocal,
as Pat said — I mean, the world reciprocal
is a very important word. We have countries that are
taking advantage of us. They’re charging us
massive tariffs for us to sell our product
into those countries. And when they sell to us, zero.
We charge them zero. We’re like the stupid people, and I don’t like
to have that anymore. So, we’re going to change that,
and we’re going to make it fair. And that, I call
that fair trade. And, again, one of two
things will happen. But I think what’s
going to happen is they’ll just reduce their tax
to the same as our tax. Mike, would you like
to say something? Senator Lee: Yeah, sure. One of the things
that worries me with regard to this
proposed action is that there’s so many things manufactured
in the United States; there’s so many jobs
attached to so many things manufactured
in the United States that use steel
and aluminum as inputs. Now in the case of steel,
we’re talking about 16 percent that’s imported. But the availability
of those imports and the absence
of additional duties on those means that those goods
can be manufactured and sold more cost effectively. That keeps
a whole lot of people, including a whole lot of voters
in each of our states — a whole lot in mine,
certainly — in jobs. And so, even though there may be
some job winners from an action like this, I strongly suspect that, as has at times been
the case in the past, you would end up with net job
losses in the United States. And that’s what worries me here, particularly in light
of the absence of what I can see as a real national
security threat. Only 3 percent of what
we’re able to produce domestically is what’s needed for
our national security reasons, and I think that ought
to be taken into account. The President: No, that number
is going way up because of our big military spending now. You know we —
something we all agree on. We had to do a lot of work
on our military. Our military had not been
taken care of properly, and now it’s being
taken care of properly. So that 3 percent number
will be going way up. But at the same time,
it’s not a tremendous — you know, it’s not — as a percentage,
it’s not a tremendous number. I will say this: Steel
and aluminum are interesting. It will create a lot of jobs. I believe that some
of the dumpers will eat a lot of
the tax themselves because they do it
to keep people working. And we do it for that
and other reasons. But I will say that a finished
product is a much simpler thing. As an example,
Germany sends us cars. We send them cars; they
practically don’t take them. I mean, how many Chevrolets do
you see in the middle of Berlin? Not too many, folks.
(Laughter.) Not too many. But they send
Mercedes, they send BMW. They send them over here
in tremendous numbers. Japan sends us tremendous
numbers of cars. They also make cars.
In a way, there’s no tax. All they have to do,
Mike, is, very simple — they do a factory here.
There’s no tax. Now, all of a sudden,
there’s no tax. So, they’ll build factories here
in order to avoid the tax. But with cars, with television
sets, with things like that, where they’re
dumping them on us — we don’t make television sets
anymore in this country. They come from South Korea,
and they come from, to a lesser extent, Japan. Most of them come from
South Korea. It’s not fair. And I believe that we should
have reciprocal taxes on that, likewise. That’s a different product,
that’s a much simpler — you know, we did it
with the washing machines, as you saw a couple
of weeks ago. It’s had a huge impact
on that industry. A huge impact. And, by the way,
you know what’s happening? The people that made the washing
machines outside of this country are now expanding their
factories in the United States, so they don’t have to pay
the 25 and 30 percent tax. And the same thing is happening
with the solar panels. We’re starting to make —
we had 32 companies. I think we’re down,
Gary, to two, right? We made solar panels, but every one of our
companies was wiped out. And I have to say this,
and this is agreed to by — we made a much higher quality,
a much better solar panel. We make them better,
but we couldn’t compete. Now — and we’ve had
a lot of good — a lot of places are opening up. They’re starting to make
solar panels again. So, with a finished product,
it’s a little bit different. But again, with steel
and aluminum, which is what we’re
talking about today — you know,
that’s a good point, Mike. You’re right. The question is, would you
rather pay a little bit more and create jobs
all over the country? And it’s possible you
won’t be creating — really, you won’t be having much of
a problem in terms of pricing. Because I actually think
a lot of the countries are going to eat it because they want to continue
to, you know, export. And they’re making a fortune. Look, we have rebuilt China.
We have rebuilt a lot of — with the money they’ve taken
out of the United States. We’re like the piggybank
that had people running it that didn’t know what
the hell they were doing. And we have rebuilt countries,
like, massively. You look at some
of these countries — look at South Korea, look at Japan,
look at so many countries. And then we defend them,
on top of everything else. So, we defend Saudi Arabia. They pay us a fraction
of what it costs. We defend Japan.
We defend South Korea. They pay us a fraction
of what it costs. And we’re talking to all of
those countries about that because it’s not fair
that we defend them, and they pay us a fraction
of the cost of that defense. Separate argument,
but a real problem. Gary, would you like
to say something? Mr. Cohn: Senator Wyden,
would you like — The President: Senator,
go ahead. Senator Wyden: Thank you,
Mr. President. We have Senator Brown,
Senator Peters, Senator Casey. So, you’ve got a good collection
from the Finance Committee and the Commerce Committee. I’ll just make two points
really quickly, Mr. President. First, yesterday, you all
released the infrastructure plan. And I looked at it
very carefully, and I couldn’t see
even any incentives, let alone requirements,
to use American steel. Now, Senator Brown, I think, always says this is a great
opportunity for bipartisanship. If we can work
with you on that one, that ought to be a no-brainer. The President: We can,
it’s a very easy one. Senator Wyden: And there’s one
other thing, on that point, Mr. President.
I’ll be very brief. And that is, actually,
with respect to American steel, the way the plan reads now, it actually allows the states to walk back from commitments to use American steel. So point one would be,
could we work with you on that? Point two is, the Secretary
and Ambassador Lighthizer have been very forthcoming
in working with us. But we have been trying
to see this 232 report. And we appreciate your
asking us for our advice. We will need to see that report in order to give you
more specifics. But I come back
to Senator Brown’s point, I think there’s an opportunity
for real bipartisanship here, and those would be two areas. The President: I agree,
and I’d like you to come back with a suggestion
on infrastructure and the plan. And I think that’s
a bipartisan plan. I will tell you, when I approved
the two pipelines — the Keystone and — you know,
we did the two big ones. And when I approved them, I said,
Where’s the steel being made? And they told me a location
that did not make me happy. And I wrote down that
from now on steel is being made for pipelines — as you know, it’s got to be made
in the United States. And it’s got to be fabricated
in the United States. And so, I’m a believer
in that also. But if you would come back
with a suggestion, that would be great. Bob, what about 232? Ambassador Lighthizer: Well,
I think we could put out the report. But rather than focus on that,
let me just say, I want to, sort of, second
what the Senator says. Trade has always been
bipartisan in this country and just until
the last few years. And I really think,
with this and with NAFTA and the other things
we’re doing, we can have Democrats
and Republicans vote in large number together and start a new way
to approach this. That really is the point
that I wanted to make. I think Senator Wyden
and I think Senator Brown feels exactly — Participant: And Senator Casey. Senator Brown: Can
I speak on that, too? The President: Go ahead. Senator Brown: Thank you,
I very much appreciate the work that Ambassador
Lighthizer has done, generally and
specifically, on 232. And Secretary Ross
has worked on 232. And I want to talk
for a moment about NAFTA. Not too much, but
Ambassador Lighthizer has been so good on that. I mean, trade, as he says,
has always been nonpartisan. And I think good evidence
of that is what Senator Portman, my colleague from Cincinnati
— I’m from Cleveland — what we’ve been able
to do together on Level the Playing Field Act;
on trade remedy; on trade enforcement;
on currency; and most recently,
on Clyde, Ohio, on the washing machine case. And we appreciate
what you’ve done here. I sent the President
and the transition staff — three days after the election, sent him a letter outlining what
we can do together in trade. And the President —
thank you — sent back a nice
handwritten note about that. I appreciate working together
on everything from TPP, to non-market
economy status, to 232, to the washing machine case,
to all of those issues. And I asked, in the
washing machine case, it’s 3,000 jobs in a small town
in Northwest Ohio, and an hour from Toledo. So that really matters
to a lot of families. I’m hopeful we can do
quick action on 232. It needs to be comprehensive; aimed, as Todd said,
certainly at China. But beyond China, 232 needs
to apply more broadly. And I also — I will just conclude that
we can work on NAFTA together. Well, I will work if NAFTA is written in a way
that supports workers, as I’m confident it will be, with Ambassador Lighthizer’s
handprints on it, that we can deliver
Democratic support. It will be bipartisan
if done right. And that’s my reputation and that’s what I’ll
continue to fight for. And I know Senator Wyden,
and Senator Casey, and Senator Peters
are on board with that. The President: Good.
I actually think that we can go bipartisan
on infrastructure, maybe even more
so than we can on DACA. Because the difference
is we want to help DACA; you don’t. Okay? (Laughter.) I’m kidding. I’m sure you do.
I hope we can. By the way, while we’re at
a table, I hope we can do DACA. That’s currently up. Everybody is in there
working hard on it right now. I think we can have a chance
to do DACA very bipartisan. I think that can happen, and I hope we’re going to be
able to do that, Senator. Senator Brown: It’s important
(inaudible). The President: And I
think we will. On infrastructure,
which is the purpose of what we’re doing today, come back with a proposal. We put in our bid,
come back with a proposal. We have a lot of people
that are great Republicans that want
something to happen. We have to rebuild our country. You know, I said yesterday,
we’ve spent $7 trillion. When I say spent,
and I mean wasted, not to mention
all of the lives — most importantly —
and everything else. But we’ve spent $7 trillion,
as of about two months ago, in the Middle East —
$7 trillion. And if you want
to borrow two dollars to build a road someplace, including your state,
the great state of Ohio — if you want to build a road, if you want to build a tunnel
or a bridge, or fix a bridge, because so many of them are
in bad shape, you can’t do it. And yet, we spent $7 trillion
in the Middle East. Explain that one. Senator Brown: We’ll have
a bipartisan — we have a bipartisan proposal. The President: We
can do it fast. Senator Brown: With real
dollars on it in infrastructure. We’re glad that
(inaudible) — The President: We can
do it fast. Senator Brown: — and work
together on a real infrastructure bill with real dollars, plus what you can leverage in
the communities and the private sector. The President: Right,
do a combination. Senator Brown: It needs
real dollars. The President: I would love to
have you get back to us quickly, because we can do this quickly. And we have to
rebuild our country. We have to rebuild our roads
and our bridges and our tunnels. So, the faster you get back,
the faster we can move. Focus on DACA this week,
if you don’t mind. Right? But the faster you get back,
the faster we move. Jackie, you were going to say? Representative Walorski:
Thank you, Mr. President. I’m grateful for you willingness
to sit down, listen, and just talk today. But I represent the recreational
vehicle industry in northern Indiana,
Elkhart County. We have 85 percent
of that market. And I’m a defense hawk,
I get what you’re saying, I get what we’re all
saying around this table. We’re one of the largest
manufacturing districts in this country. And the problem is,
right now, even the mere — when we look balance
and we talk about balance, the mere threat of tariffs,
right now, from some of my folks that are manufacturing
right now — they employee some 15,000 people
just in my district in Indiana. And a guy — one of my guys
called me this morning, and he said, the mere threat
of tariffs, right now, has already raised aluminum
and steel costs by 25 percent. Canadian softwood
has raised 20 percent. The labor cost to the industry
is already up 10 to 15 percent because the job market
is so tight. And this is a market that was
21 percent unemployment when we really had the financial
crisis in this country, and now we’re down
to 2.1 percent. Their concern, my concern, is if we seriously have
a balanced effort, and be able to keep
and retain a momentum in a place like
northern Indiana, and be fair at the same time, I am 100 percent
supportive of what you do. I would just ask that
you look at that balance of what it’s doing to current
employees and giant growth that our tax reform helped
just two months ago. The President: But what you have
to ask your manufacturers too — Representative Walorski: Sure. The President: — and I know
some of those manufacturers. They were great to me. Representative Walorski:
Absolutely, yeah. The President: And
they’re friends, and they voted. And they —
they’re great people. But you have to
ask them one question. When you build your product
and you send that big, beautiful product that they make like nobody else, and you send that
to another country, how much tax does that
other country charge them? And therefore, they don’t
sell it there very much because the tax is so high. And one of the things we want
to do is we want fairness. We don’t want
what’s been happening. Because you look at it
and you do well here, but they come in
and they compete with you, and we take their
product for nothing. And you want to sell
your product overseas — which is probably triple
the market for you if you ever could get it. But a lot of manufacturers
have given up. They’ve given up on that.
They don’t even talk. I will tell you,
Harley Davidson — I was saying, well,
what’s the story? They were saying it’s a 75
and 100 percent tax. They got used to it
for so many years. For so many years, they weren’t
even asking me to do this. I mean, I’m doing it
for them and others, but they weren’t even asking because they’ve
gotten used to it. And your folks have
gotten used to it too. Because you take
that great product and you sell it overseas, they make it almost impossible
for you to do that — not only monetarily
with the tax, but they also
have other criteria which make it impossible. Representative Walorski:
I understand. But I would say, Mr. President, there’s also the second issue that has developed
in this country with these corporations in producing the quality
of vehicles that they do is, the true-American smelters left. And in reference
to the costs here, they won’t even
fill the products of some of these customers because they don’t have to, because they got people
standing in line to buy — there are so few, right?
The President: Okay. Let’s — Representative Walorski: So,
if you can’t buy the specs, you’re out of a job. The President: No, I get it. We want a combination
of big competition, including competition
from within our country competing against that. And we want to take
outside sources. But we want competition
and we want the jobs. Representative Walorski: We
want customer service. The President: And we want
customer service. That’s right.
Any questions? Yes. Senator — Lamar. Senator Alexander: Mr
. President, thank you so much for — The President: How’s
healthcare going? Senator Alexander: Good.
Thanks. The President: Good.
That’s what I hear. Senator Alexander: Thank you
for your support and for sticking with us. I talked to Senator
Murray about it — The President: Good. Senator Alexander: — earlier,
and we’re making progress. The President: Good. Senator Alexander: Thank
you very much, and thanks to the Vice President
for his work on that. If I could use two
60-second stories just — I don’t know exactly what
the tariff is proposed. And I thank you
for having us down here before you’ve made your
decision; that’s a big help. I thank you for that. So, here are the two examples: I
hope you will look carefully at what President George W. Bush
did in 2002 when he imposed
30 percent steel tariffs — 30 percent increase — on tariffs from China,
South Korea, a couple of other places. The effect was, one,
that even though that was only 5 percent
of the imported steel, it raised the price of almost
all steel in the United States. Two, at the same time,
auto-parts manufacturers who used the steel
began to cut jobs and move outside
of our country because they could buy
the steel there, make the part, and ship the part
back in without any tariff. And we found there were 10 times as many people
in steel-using industries as there were in
steel-producing industries. And so according to
the auto manufacturers, they lost more jobs than exist
in the steel industry. So that’s —
so the questions would be, will it raise prices — The President: Lamar,
it didn’t work for Bush, but nothing worked for Bush. (Laughter.) Senator Alexander: Well,
no, I wouldn’t — The President: It
didn’t work for Bush, but it worked for others,
it did work for others. But you’re right,
it did not work for Bush. Senator Alexander: Well,
it’s a — I’m not recommending
any solution. I’m just saying it’s worth
looking at what happened because it backfired,
raised prices, and lost jobs. And then the other
60-second story is, my dad worked for Alcoa in
the smelting plant in Tennessee. We don’t have smelting plants
for aluminum anymore because you have to use a lot
of electricity to make them, and they’re never
coming back really. I think we only
have six left. So now we’re lucky enough there
to be making auto parts from aluminum, for cars. Jobs are coming back up. But if we put a tariff
on the ingots that come in from overseas, that will raise the prices
and that will hurt. Our aluminum comes from Canada.
None from China. So I hope you’ll look carefully at where the aluminum
comes from. The President: Okay. Senator Alexander: So,
thank you very much for — The President: And you’re right
— now, I have to say this: Canada has treated us
very, very unfairly when it comes to
lumber and timber. Very unfairly,
so, we have to understand that. You know, it’s not just
one thing or another. Canada has been very tough
on this country when it comes to timber,
lumber, and other things. And they have not been easy
when it comes to Wisconsin and our farmers. Because you try and ship
product into Canada, if you’re a farmer — if you are a farmer up
in Wisconsin and other places — you try and ship
your things up to Canada, it’s been a very tough — it’s been a very tough situation
for them, I will say that. But I agree with what
you’re saying. It’s very much
a double-edged sword. Ron. Senator Johnson: Well,
you mentioned Wisconsin, so — The President: Good. Senator Johnson: —
you understand that I was obviously
manufacturing for 30-some years. And I’ve exported a lot
of products though. The fact of that matter is,
Mr. President, Wisconsin operates
a trade surplus with both Canada and Mexico, because we not only export
manufacturing products but also agricultural products. And trade works
very well for Wisconsin. I agree with the concerns
that you just pressed, as well as the concerns of
Senator Toomey and Senator Lee. What we have is the basic root
cause of this problem is a massive overcapacity —
primarily China, that’s true. How do you address that? And I think we need
to be very cautious without raising increase —
without raising prices. Senator Alexander was
talking about 2002. Spot prices increased somewhere
between 69 and 82 percent. Producer prices went up
from 19 to 27 percent. Now, let me add just
another dimension to this nobody
has really talked about. We’ve talked about jobs;
absolutely, we want the highest paying jobs. I think tax reform is going
to juice the economy. And with such
a tight labor market, I think wages
are already increasing. In Wisconsin, a big
manufacturing state, in seven years I have not
visited one manufacturer that could hire
enough people. That was certainly my experience
in the last 20, 25 years. For a host of reasons, we tell our kids you have
to get a four-year degree. We pay people not to work. So, we do need to be
concerned about, in such a tight
labor market, do we have enough workers
in manufacturing. So, my final point is,
it makes no sense for me to try and bring back
high labor-content manufacturing to America. We need to do
the value-added things. And so, I would just say,
proceed with real caution there. Trade abuses —
address those, attack those. Try and figure out
how to address this massive over-supply
in the steel industry, but do it very carefully,
because we have experienced — The President: You’re right,
Ron, I agree. Senator Johnson: Okay. The President: I agree
with you 100 percent. I do have to say that we do have
a pool of 100 million people, of which some of them —
many of them want to work; they want to have a job. A lot of them do better
not working, frankly, under the laws. And people don’t like
to talk about it. But you’re competing
against government. And they have great potential.
They sort of want to work, but they’re making less
if they work than if they stay home
and do other things. So, we have to address that
situation. That’s a big problem. But we have a pool
of 100 million people, a lot of whom want to work. We will also have a much more
merit-based immigration policy, where we’re going to
bring in people that are going
to be great workers, and they’ll really fill up
Foxconn and all of the places. Like, I was very instrumental
in getting you Foxconn, as you know, through my friendships
with that great company. And they’re going to Wisconsin;
it’s going to be incredible. They’re going to employ
tremendous numbers of people. They’re going to build one of
the biggest plants in the world. So, it’s going to be
very exciting. But people will move there, but we do have
a big pool of people that want to work, and they can. Just to address
the one other point — we have a trade
deficit with Canada. We have a big imbalance
of at least $17 billion. And with Mexico,
we have an imbalance, we have a trade deficit
of $71 billion, and I believe that number
is really much higher than that. I might ask Bob Lighthizer
to just discuss that. But were you going to say
one other thing, Ron? Senator Johnson: Sure.
Just as long as you brought up the whole immigration debate, there is absolutely no doubt
that we have to fix our horribly broken
legal immigration system. One of my proposals
is literally a three-year guest worker visa program,
managed by the states. Let the states determine
what industries — they can set the wage rates, and they can completely
control that process. So, I’m hoping, as part
of this bipartisan process, that we actually fix
our horribly broken legal immigration system so we do have the workers,
and it has to be merit-based. So, I ask my Democratic
colleagues, please work with us, let’s fix the DREAMer problem, but let’s also fix our horribly
broken legal immigration system. The President: Good,
thank you, Ron. Yes, go ahead. Senator Casey: I just want
to make a point about — back to 232. I’ll focus on steel 232
in Pennsylvania. In your opening, you talked
about the job impact, as well as the national
security impact, and I’m glad you raised both. I’ll just focus
on national security. In Western Pennsylvania, as well
as in Eastern Pennsylvania, you have two examples
among several. But the two are AK Steel
in Western Pennsylvania. They are the last
remaining manufacturer of electrical steel, meaning the steel that goes
into our electricity grid. They’ve been hammered
by this, as you know. In the eastern part
of the state, as Senator Young from Indiana
mentioned, ArcelorMittal — The President: They’ve been
hammered by what? Senator Casey: Hammered by not
having the remedy — the 232 remedy. The President: Okay. Senator Casey: To the extent
that you can focus on that, I think the steel
executives — the letter they sent you
on the 1st of February, I think, outlines the problem. But this really is
a national security issue. The President: Why didn’t
the previous administration help the steel workers? Why didn’t the previous
administration work on 232? Senator Casey: Well, look,
I think there are a lot of us that had disagreements
over the years, with the administration then, about being more
aggressive on this issue. The President: Tremendous
disservice. Senator Casey: I just hope
that in this — I know it’s a 90-day
period you’re in, but I hope you can
promptly determine it. The President: Good. Thank you
very much. I appreciate it. Rob. Senator Portman: Mr. President,
I agree with Bob that that’s a good example. AK Steel is the last electrical
steel manufacturer; 101 percent increase over the
last year in electrical steel coming into our country. It’s a small market,
but it’s a critical market. They tell us that
if they don’t get relief, they’re going to pull
out of this business, so we won’t have the steel that goes into our
transformers and our grid. And so, I think it is
a good example. But what I would say, sir — and we’ve talked
about this before — any response here
needs to be targeted, and electrical steel
is the place to target it. The other place, I think,
is the oil country product that was talked earlier.
This is pipe and tube. Eighty-two percent
increase there. And, frankly, most is
coming from Korea, and Korea doesn’t
have a single rig. In other words, they’re taking
Chinese steel for the most part, and it’s, in effect,
transshipping it to us. The President: They’re doing
a lot of transshipping. Senator Portman: And that’s
hurting our ability to continue to have this energy
independence we talked about. So those are two specific areas
where I do think that there’s an opportunity
to do something and to use 232, which is a national security,
as opposed to 201, which is what
President Bush used. But let me tell you,
with regard to rolled steel and with regard
to other products, as Senator Brown said, we’ve had
some pretty good success by going after them with regard
to unfair trade practices. And that’s the Level
the Playing Field Act, which is just now
being implemented. And as I told you before, I think even stronger
enforcement of that would be great
because that will enable us — The President: Well, they had
little enforcement before. We’re very strongly
enforcing it now. And, Wilbur, you might want
to talk about that. But we are very strongly — but they have had not good
enforcement previous to this. Senator Portman: And the second
part of this — and you’re right — is with
regard to the Enforce Act. And that’s — and again, Ron Wyden
and Senator Brown and I and others have worked on this. But what it says is that
if a country transships — in other words,
sends their steel, say, to Malaysia,
which we believe happens with regard to Chinese steel, puts a different stamp on it,
Made in Malaysia, and then sends it here — we need to be more aggressive
in going after them. And it’s just a matter
of Customs and Border Protection having so many other
responsibilities right now. But we can do more with
our existing laws as well. And I think 232 is part
of the overall response, but it needs to be targeted. I agree with what
Senator Alexander and others have said about the balance,
Senator Toomey and others. You got to be careful because we
don’t want to increase the cost to our consumers of all
these steel products that go into our other
manufacturing. But there are areas, like
electrical, like pipe and tube, where we’ve got to stand up
and help to defend, in the case of electrical,
our last American manufacturer. The President: Right.
Well, you know, Rob, we have steel coming
into our country from countries that don’t
even know what steel is. They don’t make it, they never
made it. It’s transshipping. It’s coming from China and some
others, but mostly from China. And they send it through
countries that don’t make steel, and it comes pouring
into our country — and free. Free. And it’s a very bad —
very bad situation. Kevin. Representative Brady: Yeah,
so, one, I think everyone in this room
supports you aggressively
holding China accountable for its overcapacity
in a major way. Thank you for that. 232 is a little like
old-fashioned chemotherapy. It isn’t used as much
because it can often do as much damage as good. And an example — it happens
all around the country — but we send steel pellets from
Corpus Christi over to Austria, to this company that does
this amazing job — super-refined, specific job. We bring it back to Navasota,
Texas — my district — refine it even further. Sell it to many
American energy companies who use that specialized
steel to compete and win against Russia and China
and all the other countries. If transactions like that, that are pretty typical
around the country, get caught up, in that case
we punished three American manufacturing
industries for that, all of whom, by the way,
are looking at expanding because of your tax
reform plan. The President: That’s right. Representative Brady:
And so my point is — so we have to be
really targeted. You have to be
really targeted here. Also, we’ve got allies with us against China’s unfair
trade practices. We have to be careful, as you look at these
decisions, to target it, to make sure our allies
are with us as we do this. The President: Okay. Very good.
Thank you, Kevin. Go ahead, Rick. Representative Crawford:
Thank you, Mr. President. One thing I want to point out —
we had the conversation about the national
security imperative, and I think we’ve looked
at it in the context of the defense industry. And I just wanted to add
one thing to that: It’s our ability to address
our own inputs — not just addressing the needs
of the defense industry, but our ability to produce
for our own consumption as we take on infrastructure
projects and so on. The President: Right,
that’s right. Representative Crawford: So,
I think we don’t just need to focus on those percentages but also, broadly, how this impacts our ability to provide for our own inputs. And then, one other thing
I wanted to mention is, 74 percent capacity right now
here in the United States. The steel industry
is losing market share, and that translates to —
The President: Rapidly. Representative Crawford: —
economic loss in communities, as Representative Bost — he and I co-chair
the steel caucus, and so we’re very keenly aware of what this can do
to these communities when we don’t have
that kind of certainty. The President: Good. Thank you,
Rick. Thank you very much. Senator. Senator Peters: Hello,
Mr. President. I appreciated your
comments about Michigan and the auto industry. I’d like to say
that a big reason why those jobs
are coming back is because we have
the best workers anywhere in the world here. The President: Well,
that’s also true, I agree. Senator Peters: That’s
why we’re here. And they can build it on time and build it with
outstanding qualities, as long as the rules are fair. So, I appreciate this issue.
And it should be — The President: You do have
great workers. The problem is you
didn’t have good policy, and that’s why
so many jobs left. But now they’re coming back. And they like coming
back to Michigan. Senator Peters: Well, they’d
love coming back to Michigan, as long as we have
fair rules and — The President: Right. Senator Peters: — so have to
continue to push this forward. I would like to pick up on
Senator Alexander’s comments, too, is that we also
have to be concerned about the auto parts
industry as well. The President: Right. Senator Peters: We have
probably more jobs in auto parts in Michigan than any other
of the industrial sector, so they all go together. We’ve got to deal with
the steel pricing issue. I agree with everything
that’s been said here. But then we can’t have
the dumping of auto parts that will take away
Michigan jobs as well as jobs
around the country. The President: You’re right. Senator Peters: And if I could
just bring up one other issue that I think we should
take a look at. I’m working in a bipartisan way
with Senator Burr on an issue related to
the Commerce Department having the ability
to self-initiate trade enforcement actions
smaller than industries like steel or aluminum or washing machines — is that we have
small businesses that don’t have
the resources, quite frankly, to bring
a trade enforcement case — The President: Good point. Senator Peters: — to go
through the lawyers to do that. In Michigan, for example,
we have cherries. Right now, we’ve got
the dumping of cherries that’s making it very difficult
for our growers in Michigan. But they don’t
have the resources to bring those kinds
of enforcement actions. So we’re working on legislation
to give Secretary Ross, the Department of Commerce,
more tools to help our small businesses.
The President: I like that. Senator Peters: And I’d love
to have your help. The President: You
have my help. I think it’s a fantastic idea.
Because you’re right — they can’t hire the lawyers,
it’s too small. But it’s — you know, in a
double way, it’s very, very big. Wilbur, are you working on that? Secretary Ross: Yes, sir. The President: Good. Secretary Ross: As you know, for the first time
in many years, the Commerce Department
did initiate — self-initiate — it happened — it was in a big industry.
It was in aluminum. But there are limitations to what a conventional
trade case can do, and the main limitation
is it doesn’t prevent people from the transshipment
through other countries. And of lot of what 232 can do
for us is to solve that problem. And 232 doesn’t have to mean
the same tariff on every single country. It doesn’t have to mean the same
tariff on every single product. It can be applied in
a much more surgical way. And we presented the President
with a range of alternatives that goes from a big tariff
on everything from everywhere, to very selective tariffs from a very selective
group of countries. There are one of two countries that figure quite prominently
in all of the lists, and those names will come
as no surprise to you. But, for example — The President: And the problem
you have with that, though, is transshipping.
Secretary Ross: Yes. The President: You think you’re
going to put a pinpoint on a country, but then they ship it
to other countries that you’re not
even thinking about. Secretary Ross: Right,
and so — The President: So, you have
to be careful with that. Secretary Ross: Yeah,
so, what the 232 would let us do is to have quotas
on the countries that we weren’t
putting a tariff. (Inaudible) at what they’re
shipping in now. So, it’s not going
to restrict supply, but it would prevent
the evildoers from transshipping more
goods through that country. The President: Evildoers,
that’s a good word. Of which there are many. (Laughter.) Secretary Ross: Yes, there are
— there are, Mr. President. The President: You’re doing
a good job, Wilbur, thank you. Secretary Ross: Thank you,
Mr. President. The President: We’ve been
very — we’ve been tough. Go ahead, fellas. Representative Johnson:
Mr. President, the comments that have
been made here — been made today about balance
is absolutely essential. I mean, managing job creation and controlling cost
at the same time has got to be the major
factors in this mix. Two points that I’ll make. The President: And
deficits too? Deficits too? Representative Johnson:
Absolutely. The President: You know,
there are some people who don’t believe in deficits;
they think it doesn’t matter. To me, I think
it matters a lot. Representative Johnson: I think
it matters a lot. Two points that I’ll make.
One, to, kind of, put a stamp on what Senator
Portman said, AK Steel is the only
manufacturer in America that makes the electrical steel that is necessary
for the transformers that feed and produce electricity in our electric grid. China — we are at risk
of losing that industry; and if we lose that,
we are absolutely, potentially at hostage
by the Chinese for management and maintenance
of our electrical grid. Number two,
you’ve made a big case, and I think you have,
rightfully so, told the world that America
is open for business. And the regulatory reforms
that you’ve done, the tax reforms
that you have done, has put America
back in business. One of the biggest businesses
that is promoting job creation today is the oil
and gas industry. The President: Right. Representative Johnson: And in
Eastern and Southeastern Ohio, big projects like
ethane cracker plants, they require a tremendous
amount of steel. We’ve got to make sure that
whatever we do in this formula keeps cost down because those projects are huge. I mean, they are massive. You’re talking about $6-
to $8-billion projects, and big cost increases in steel
could be a big deal. So, we got to balance the job
creation with the cost. The President: I agree.
I agree. And I know that
area very well. You’re right. Yes. Representative Smith:
Thank you, Mr. President. At home in Southeast Missouri,
we have a real example of where we lost 900 jobs
in March of 2016 because our aluminum
smelter closed. And I believe that
these aluminum smelters can be reopened. I don’t fall underneath
the premise — The President: And for
a different reason, too. Because of what we’ve done, our
energy prices are going so low, our electric costs
are going so low, that other countries aren’t going to be able
to compete with us. We’re really doing a great job
of bringing them down. And a lot of that had
to do with the tax cuts, but it has to do with lots
of other things, too. Representative Smith: Exactly. The President: Go ahead,
tell me about that. Representative Smith: When you
look at Southeast Missouri, the median income
household is $40,000. It’s one of the
poorest congressional districts in the country. And when we lost 900 jobs, with the average salary
of $70,000 a year, that hit home in
the Bootheel of Missouri. And without a doubt,
if you just look at the numbers of the aluminum
production in China that in 2000 was 10 percent
of the world’s production, and in 2015 was 54 percent, there’s a problem,
Mr. President. And I believe that we can
have the production back, and we have a vacant
facility in New Madrid, Missouri that we want to open,
and we want to create more jobs. And I applaud you
for looking at 232 and looking at
a reasonable approach to make sure that we’re open
for business in all industries, not just one. The President: Well we
all have to remember that there is no tax
or there is no tariff, if they come in and build
plants in this country. So, there is no — we’re just
talking about something, but there is nothing. Steel is a little bit
different than a car. It’s a little bit different
than a washing machine or any of the other things that we’re doing
or talking about doing. But nevertheless,
you build your factory, you build your plant
in the United States, there is no tax.
So that’s a big difference. That’s why I think
you’re going to see General Motors —
they’re coming back. A lot of companies
are coming back, and they’re coming back
to areas that you represent. It’s a good feeling.
That’s a really good feeling. Maybe I’ll just have Bob finish
up. Do you want to do that? Roy, were you going to say
something real fast? Senator Blunt: I was just going
to say, like the AK Steel, we need to be
very careful here. There is only one
American producer, but there are lots
of American buyers. Those electric motors
in the washing machine, the generators, the grid — all of that is dependent,
currently, on a lot of electric steel
coming from somewhere else. I think the balance of keeping
that company in business — The President: It’s
a good balance. Senator Blunt: —
while you keep all these other companies — it’s going to take
a long time to either expand or have more competitors here. So, we need to be
very thoughtful about all the other buyers
of that product that has only one
American source. So, it is a great example,
but it’s a great example to remember that
washing machine motor, as well as all the other things that electric steel
is used for, sir. The President: That’s
a good point. The word balance
is a very important word. Senator Brown: Can I add
one other point — The President: Yes, go ahead. Senator Brown: — taking off on
what Roy said, as you apply — as you and Secretary
Ross apply 232 — and I understand
the cautionary notes from some of my colleagues — I think it’s important
that we always keep in mind China’s excess capacity. And China’s excess capacity
doesn’t mean you aim 232 just at China. Because China’s excess capacity, as you point out,
is spread elsewhere. And the best example
was your comment on oil country, tubular steel through Korea. As Rob said, Korea
doesn’t drill itself. It’s just
the pass-through point. But because China’s excess
capacity has, in some ways, affected steel production — or steel sales, not production
— throughout the world, it’s important that 232 be aimed
at China’s excess capacity and countries
all over the world. The President: Right.
I agree with that. Maybe you could just —
a very brief discussion of where you are with NAFTA. Because this is the group that
is very interested in NAFTA. Ambassador Lighthizer: Well,
I’ve spoken to some of these members here. And, Mr. President, I think
we’re making progress on NAFTA. There was a lot of anxiety
at one point as to whether or not
we’d be in a position where would have to withdraw in
order to get a good agreement. Our view is, number one,
that NAFTA has not served the United States
well in all respects. It has served
some people very well, but other people and overall
it has not done a good job. I think we’re making
real headway. I feel like, particularly
with respect to the Mexicans, that we are making headway. We have a number of issues that we still have to
work our way through, but I’m hopeful that
we’ll be in the position — I think that most important — to get a good deal,
one that you’ll find acceptable. But most importantly, I want it
to be an agreement that the vast majority of Republicans
and Democrats support. I think this is very important that we have
a new paradigm in steel, that we get 20 or 25 Democrats
in the Senate and a large number of them
in the House to vote for this deal, as well. Of course,
(inaudible) and I think that’s
very much in reach; it’s something that we can do. The President: Well, I want to
thank everybody very much. I really would like
to see you come back with a counterproposal
on the infrastructure. I think we’re going
to get that done. I really believe that’s — we’re going to get
a lot of Democrats; we’re going to get
a lot of Republicans. We’re going to get it done.
It’s something we should do. We have to fix our country.
We have to fix our roads and our tunnels and bridges
and everything. So, if you can,
work together on that. And I am ready, willing,
and able. It’s very important. And then, of course, this week I know you’re working
very hard on DACA. Everybody in
the room wants DACA. And let’s see if we
can get that done, and it would be
a great achievement. They’ve been talking
about it for many years, and, if we could do it,
it would be a great achievement. And it would be something —
on a humane-basis, would be excellent. So, I want to thank you all
for being here. If you have any
suggestions, call me, call Gary, call Wilbur,
call Bob. But I very much appreciate
you being here. And if it’s necessary,
we’ll have another meeting to iron out some points. But on infrastructure, that is such a natural
for us to get done, and I think we can
probably do it. Thank you all very much.
Thank you.

100 thoughts on “President Trump Hosts a Meeting with Members of Congress on Trade

  1. Trump managed to surround himself with all bootlickers (nothing new). Trump possess America's biggest shithole between his nose and his chin.

  2. Thank you President Trump! It is wonderful to have a President with business smarts and the will/strength/dedication to apply them.

  3. "So my final point is, it makes no sense for me to try and bring back high labor-content manufacturing to America. We need to do the value added things. And so I would just say, proceed with real caution there," @RonJohnsonWI warned the President.

  4. Sounds like Wisconsin wants to bring all the foreign labor with all the business coming back to America. Wisconsin wants to enslave Wisconsin, control the labor, wages and import foreign workers. Even after President Trump pointed out the fact that 100 Million American's need a job. Others obviously aren't thinking the big picture yet operating for the special interest/lobbyist. 44:35 President had enough and let the room know he's tired of the scam artist, the laziness and inept in the room…

  5. It looks as if someone at the White House needs to pay attention to the design of President Trump's chair (at this conference table). The arm-rests appear not to be positioned so that he can easily rest his arms while leaning back in his chair. He should not be required to lean forward in order to rest his forearms. Perhaps the off-set I see is just due to the angle of my view?

  6. Oh yes of courses! Because we do not have nothing to do with illegal immigrants daka dreamers ah ah ah ah ah ah ah ah ah ah ah, and also that's not none of our business oh please alright just get em all outta here

  7. https://theconservativetreehouse.com/2018/02/14/republican-senator-ron-johnson-tells-president-trump-it-makes-no-sense-to-try-and-bring-back-high-labor-manufacturing-jobs/#more-145879

  8. REPUBLICANS: SUPPORT THIS PRESIDENT OR FACE THE VOTERS!!
    100 MILLION AMERICANS DESERVE JOBS. WE CITIZENS ARE IN NO MOOD FOR BS.

  9. Listen to these Republicans talking down bringing high paying jobs back to America, disagreeing with the President
    and trying to talk up the status quo.

  10. Let's keep in mind that when corporations were operating in other countries, these ppl held stock. Those companies paid low taxes, had cheap labor, and free trade.
    But they operate in hell zones. With cheaper taxes, fair trade tax, and better location in the USA they are happy to come back.. and can offer fair wages. The stock holders will still profit but not as much, that's why they're mad. How much is enough for them anyway??
    And if there's no corporations, there's no jobs. If there's no jobs, there's no tax collected through paychecks and consumer purchase.
    The govt actually will make more in revenue by lowering tax for all concerned. Could you sell a gumball for $100 to get $99 in profit, or sell 100 gumballs for .99© each to get a profit of $197.??
    Lower prices and taxes mean more sales, means more tax revenue.
    The Dems want higher taxes. Then no one can afford anything, not even food & shelter. Then who will fund Welfare?
    They're so stupid.
    They should not be allowed to run for office unless they've had training in economics.

  11. Mr. Trump, you are the most intelligent USA President ever.
    Thank you for
    stepping out from your comfort zone just to help and rescue the USA from evil.
    Most americans love you and thank you.
    May the Lord Jesus Christ bless you and your precious family.
    MAGA 2020.

  12. Pat Toomey looks like he's having stomach issues. Good. Vote these traitors out. They only care about what lines their own pockets. Brilliant move, President Trump!! You exposed the rats.

  13. This discussion with top businessmen and policy makers is so important as a huge part of a vibrant economy. Now, more viewers please!

  14. you have to scrape the scum off the top before you put the paraffin on top of the jelly. drain the swamp President Trump.

  15. Keep in mind USA manufacturing on electrical wire & cable products. https://1xtechnologies.com/ manufactures right here in the USA but there are many companies from all over the world who are coming here and dumping products just like steel and textiles. Keep the Wire & Cable Industry on the top of your list. #MadeInTheUSA

  16. Democrats have a secret they are winning Republican seats this rich Russian is poring millions into Democratic race's. Watch out before you loose the majority.

  17. Dog and pony propaganda show. Simple lies to be swallowed whole by simple minds.

    Trump is panicking over the Mueller guillotine that is coming.

  18. Trump has done a massive amount of very nice things for the US and the Lunatic Liberals just can't handle or they just don't know what is good!…..Keep on crying Little Liberals!

  19. Trump once again shows his enormous ignorance. Who is going to follow this moron into the abyss? Corporate Welfare is costing taxpayers $100 billion a year and Trump just want to increase it for short term support and political propaganda.

    In 1983, after 3 years of HD lobbyists pressuring him , Reagan put a 45% tariff on the import of Japanese motorcycles in an effort to save one American company: Harley-Davidson. This is Corporate WELFARE and did not help Harley become more innovative or competitive. They became even more dependent on taxpayer funded welfare and tax breaks.

    Technically speaking, Harley-Davidson motorcycles sold in the United States are not actually made here, but assembled here. Harley contracts manufacturing of parts to plants located all over the world, including Germany, Italy, Taiwan, Japan, and Mexico. Those parts are then shipped to Harley factories here. And these are not just accessories, but components for engines, chassis, and wheels. Exactly what percentage of a Harley-Davidson motorcycle is American made remains a mystery that Harley doesnt like to talk about. Harley-Davidson motorcycles are also made in Manaus, Brazil. The factory there opened in 1998 and continues to produce Harley models for the Brazilian market. The new Thai plant is moving into an area already populated with foreign names in the country’s eastern province of Rayong, near the manufacturing operations of Ford, and General Motors.

    Harley works hard to disguise the source of their components by importing through third party distributors. Truth is HD is the greatest marketing campaign in history, using leather jackets (made in China or Mexico like Trump clothing) and pretty girls to convince buyers that a foreign manufactured product is PURE AMERICANA.

    In 2011, the company announced plans to open a factory in India to produce the new Street 500 & 750 models. Trump killed the Trans-Pacific Partnership, a trade deal that would have slashed the tariffs Harley-Davidson faced in Vietnam and Malaysia to ZERO. The Harley Davidson company had been a supporter of what would have been the 12-nation pact.

    “The big opportunity for Harley, growth-wise, is in Asia, and a lot of the work with the TPP addresses some of the barriers that are in the way of our growth in Asia,” – Harley Davidson chief executive, Matthew S. Levatich.

    Trump is increasing Corporate Welfare and restricting free market- which will only weaken Americas future.

    There is no evidence that Trump can even drive, he sure as hell can't ride a motorcycle.

  20. No, we didn't "do it" it was the corrupt Bushes who made China:

    https://usatoday30.usatoday.com/news/washdc/2002/02/19/usat-prescott-bush.htm

  21. The steel and aluminum industries were deeply injured by the labor unions in this country. They made it impossible for America to compete with other countriues.

  22. trump has the worst judgement and tempermant, i wouldn't invest a blade of grass to a business man like that. He reeks of conman.

  23. The President uses the word 'incompetent" in describing the trade deal with S Korea. I'm not surprised that we have crappy trade deals all around…I recall many many years ago a senator (I dont recall which one) was very unconcerned that the NY stock exchange may move to England….He basically said NY or London whats the difference while shrugging his shoulders. I recall just shaking my head thinking what is wrong with some of these Washington people?
    You don't have too be a genius too see that the rest of the world has said too itself the last few decades, we can beat the Americans at their own game. And our friends in Washington pretty much ignored the warning signs……………..until now!
    Thank you President Trump!!!

  24. God bless you .Long times US are graceful. I think thankful. US is great nation and Mr. president Trump is the president of the earth. I am sure God will give you and your nation with wealth and grace. I envy your people and your nation.
    I live in South Korea.

  25. Dumping aluminum in the atmosphere over my house, killing my trees, and killing my tree related work field, and causing premature Alzheimer's and Dementia. Stop dumping aluminum in the atmosphere over my house, over my town, over my state, over our Great Lakes, and over my country! You can't stop dumping soon enough for nature to begin to repair itself American's LOVE our President Trump! MAGA

  26. So much misinformation. I'm so sorry that he is so uninformed and is allowed to spread things that aren't true. I pray for him. I know it's a hard job and I wish people would tell him the correct information so he could tell it to us. He's just spreading the wrong information. we DON'T charge anyone 0. we do charge. it's sad he's allowed to say incorrect things.

  27. Lot's of Nervous Nellie, Chamber-of-Commerce, RINO's sitting at the table…concerned looks, concerned comments, nervousness, fidgeting and unease. The globalists have bought and paid for their puppets and these globalists expect a return on their investment.

  28. What i believe President Trump is saying is we are as Americans getting used to getting cheap product. Thats great but besides the feel good feeling of having left over cash for everything else is the down side of welfare and unemployment costs which contribute to nothing but basic subsistence and poverty. The burden on the middle class to fund free everything for those who don't have jobs far outweighs the probability of higher costs at the cash register. You cant have it both ways America, we've been exporting way to many jobs and importing way too much cheap crap!

  29. The USA is so blessed to have Trump. I love my POTUS. Thank you, Mr President, for loving us and caring about us so very much. Your hard work doesn't go unnoticed. It's appreciated so much more than you know! I will proudly cast my vote for you in 2020.

  30. Alcoa has plants in Canada. This guy is more interested in Canada then America. If we make if more profitable to manufacture HERE in America.

  31. President Trump IS America He sees it and he sees the solution is simple. Make if more profitable to manufacture HERE in America.

  32. Special counsel Robert Mueller’s Russia investigation has released no comment as to the evidence in his Trump investigation.The gravity of his findings have yet to be determined.Trump has no idea what Mueller knows.Special counsel Robert Mueller’s Russia investigation has heard the testimony of many in the Trump circle and acquired the relevant financial records, documents, emails, texts, and likely phone taps.

    You Trump sheep better get your big boy pants on. We may see the first ever criminal indictment against a sitting president of our United States.

  33. TL;DR
    "But if there's a tariff on my dumped inputs we'll have to hire Americans!"
    "And that means we'll have to raise the wages!"
    S HO C K, D I S B E L I E F, A N D H O R R O R
    collective fainting and angry circlejerking ensues.

  34. 75-100% tariffs!!!!! How are entrepreneurs supposed to grow let alone compete with other countries with import taxes like that.

  35. It's amazing how a bipartisan policy is so circular. It just eats itself and stalls and drags out and prevents and slows progress.

  36. Hey Congress I know you're the one that could change it Donald Trump can't do anything out of his hands please stop chemical trailing California it is seriously making a hot as crap and it is very hard to breathe it is toxic materials whatever is in sprayed from Geo engineer aircraft

  37. I love this guy. A businessman running America is a fantastic idea. Not just plutocrats and backroom shady deal makers that cloud real issues with transgender arguments and so forth.

  38. It was there only 2,seconds on 7 trillion to the middle East wars so far how much is total debt stop blaming entitlement it always has been the military industrial complex

  39. This was very informative and so interesting. Thank you President Trump and the White House staff for sharing this. it is so good to see the how these policies get worked out.

  40. President Trump runs the executive branch of government and not the legislative or judicial so it makes sense that he would be a businessman. President Trump is also brilliant. We are a capitalist democracy, so bringing back jobs and creating more capital is just what we need. Yea! Trump in 2020!

  41. how can countrys pay a tarriff on american steel if they dont want it china can make steel cheaper than what we can make in australia and we mine the iron ore

  42. The FBI has been looking into Trump business associates for much longer than he has been a failed president. Mueller received the Russia/ Cyprus/ Deutsche Bank records last fall. Also the financial records for the Trump golf resorts in Scotland and Ireland.Both of which show zero profit since they are merely laundromats for Russian Mafia money. Trump cant hide his financial records in Europe like he does here in the USA. This is so much bigger than Trump just being Putins bitch.

    Trump is the Russian Mafias paid whore and has been for decades.

  43. It doesn't matter how much he golfs, as long as he gets his job done and guess what people. He is running circles around his predecessors. So golf away Mr President. We love you. ❤️

  44. 2018, Midterms, listen to some of these Repubs calling for –fewer American jobs–. If they are yours, primary them and get some MAGA peeps into the gov't. Some of these dudes are bought and are pushing globalization.

  45. PRAYING Jesus Christ, Jesus show yourself mighty to your people, Lord there seems to be no way out, no way to fix things, no ways of solution, but Jesus you are the solution, you are the truth, you are the love and forgiveness, you are the author and finisher of all great things. Jesus if you can raise a nation up and take it down in a day, then Jesus can you not heal our nation and our people.Yes you can,we praise the name of Jesus. Jesus, quickly reveal yourself to us, that is best for each one of us, touch us the only place that you know and can touch, Jesus can you not minister individually to each person, the only way that they can be ministered to,. Jesus are you not greater than any and all calamity and evil, Jesus where a man sees no way out, your spirit testifies that you Jesus, you are the only way out. Jesus you are the author and finisher of all things, great and small. Jesus help us receive your perfect and perfecting love and forgiveness of the cross. Jesus you told me that if we could fully receive and understand the love and forgiveness of the cross, we would be transformed as a new spirit, a useful witness for Christ Jesus. Jesus we pray that you answer this prayer, that we receive THE FULL PORTION,of your perfect love and forgiveness of Jesus Christ.Jesus we praise your perfect love and forgiveness. Jesus we pray for personal and professional revival Lord Jesus not only does it have to happen in our heart, it has to happen in our family and in our workplace,,, Lord bring us to where your people are, there's no greater ministry then in our own families in our own workplace, Jesus show us the way to your fullness. Jesus you said, to pray for the greatest gift to prophesy to strengthen, encourage and comfort our people, to help raise them up. Jesus we repent of godless chatter, a lack of faith. Jesus we need the faith the size of a mustard seed to plant our faith at the altar,Jesus you will grow our faith. Jesus help us be the great communicators of your love and forgiveness, your faithfulness. Jesus Christ we pray that you come quickly, we need you and praise your mighty name, Jesus our Lord and Savior. Jesus come quickly, Jesus we cry out for repentant heart and spirit, seeking the perfect love and forgiveness, found only in Christ Jesus. Jesus is not the simple gospel, can be as simple as, the perfect and perfecting love and forgiveness of Jesus Christ. Jesus is this not available to all people saved and unsaved. Jesus we pray for this great awakening, correction, direction pointing to Christ Jesus, as Lord and Savior. The name of Jesus is above all names, the name of Jesus identifies the God we serve, the God that can save, forgive us of our sins, and love us into eternity now and forever. Jesus cannot the zeal of the Lord accomplish this great revival, harvest this great harvest and free our people, from captivity of the world and the evil one. Jesus not all is lost, but always gained, we hear that this is the greatest time and harvest, that the world will ever see. Jesus, Jesus, quickly come. Jesus we are standing in victory and not in defeat, because the victory was won on the cross let us praise your great name the name above all names, Christ Jesus our Savior and Lord, amen and amen. I AMen

  46. Exports only account for 7% of our GDP. Exports account for 16.6% of China's GDP. Exports account for 50% of Germany's GDP. We will simply win every trade war we engage in.

  47. Mr. President respectfully we have to do something about our Rare Earth Metals! We CAN'T let China be the sole owner and operator of American Rare Earth Metals, our Silicon Valley depends on these materials to produce microchips. China has a backdoor built into every device in America, hardwired in the microchips we buy from them!

  48. 50:C8:E5:A0:2F:1410.76.101.49
    2400:e500:23:91:1:1:4222:aaab50:C8:E5:A0:2F:15https://www.youtube.com/channel/UCTMRxtyHoE3LPcrl-kT4AQQ
    youtube.com/channel/UCfWUDjfFo-Sn2J4XIH4rTQw

  49. Thank you, God, for giving America a 2nd chance with President Trump and an end to the tyranny of Obama and Hillary; America's Most Unwanted. Greetings from Britain; we wish we had him over here.

  50. Trump works hard, looking back, by now all the Clinton's, Obama's, and Bush's 1 & 2 would've had their third vacation.

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