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tv   President Biden Remarks on Jobs the Economy  CSPAN  May 18, 2024 3:10pm-3:29pm EDT

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should have access to fast, reliable internet. supports c-span as a public service, ang with these other television providers. giving you f r seat to democracy. >> president biden announced a 25% tariff on chinese steel and aluminum and 100% tariff on electric vehicles made in china. the tariffs are the latest attempty the administration to address fair competition between the president's remarks were in the rose garden at the white house and rminus.
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>> good afternoon. i am t and ceo of sentry aluminum company. president biden's announcement today is critical to the success of my company and the strength of our economic and national rity. from electric vehicles to missiles is a key component in most aspects of our modernrical to our national defense. trng on aluminum from china, which continues to buup overcapacity and engage in nonmarket action, will allow our business and workers to compete. our workers are highly skilled, productive, and committed i'm very proud of the strong partnership that we have with unit steworkers.
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[applause] benefit from the coupled with the broader approach to revitalize american manufacturing, which has greatly benefited our operations in kentucky and south carolinthe td aluminum also advance our efforts and presidende effort to make cleaner metal. not only are chinese products subsidized and dumped on the world far more co2 per ton then we do at home. with the support of a $500 million grant from the biden administration we are building not onlyew american smelter in years but one of the greenest smelters in the
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powered by cutting-edge technology and renewable energy. for company, our workers, and others across this country, unfair trade is so is very real. today's announce creates the climate for businesses to su investments to be made, jobs to be created, and good wages to be paid to our workers. thank you, mr.resident, for your vision and the work of your administration. [applause] good afternoon. my name is roxanne brown and i talice president at large for united steelworkers union. it is the largest industrial union in north america. president biden and administration is especially
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consequential from mining, to metal, to aluminum, zinc, paper to fiberoptics, international trade has an enormous impact on our members'jobs and lives. a month ago we hosted president pittsburgh.rdq there our union's international president spoke of the decades long partnership that we've had with president biden dating back to when he first ran for senate. all of that time, we have never questioned commitment to working people. he is the most pro-worker, pro-union president that we've ever had. la the president and his nisttion have truly implemented a worker-centric trade policy. he has conte unfair trade
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not only using trade tools, but investment to regain, reignite, and renew manufacturing capacity. these trade tools are vital in stopping unfair and anti-competitive actions of countries like china. ■$coling them with investment, procurement policies, and other actions is key. that is whsident biden has delivered. he has stood up for us. from the chips act to the inflation reduction act, he is doing what no other president in my lifetime has done biden's trs about making sure that everyone can participate and everyone can win. it itry my honor to introduce thesiunited states, j. [applapres. biden: thank you, k
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you, thank you. no i assume you're standing in case you have to run when the rain starts. ease, have a seat. rox, thank you very much for all yoerely. i -- and it all the labor unions here today, including steel workerut workers, sheet metal workers, afl-cio, ibew, communications workers, boilermakers, machinists. i'm proud, as rox said, to belan president in american history.dl street is important, lot of good folks there, but they didn't build america. the middle class built america, and unions built the middle class. folks, leaders from key american industries are here as well, solar, semiconductors, automakers. and members of my cabinet here as well.
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janet yellen -- the front row is urderers' row here. the treasury department, julie su, our e -- of -- of labor. and katherine tai, our nation's trade representative, and outstanding members of congress as womichigan, debbie stabenow is here. debbie, welcome. and hast no, i guess she -- there you are. oh, you did i they told me you might not be able to make it. i'm sorry. rep. stevens: i'he [indiscernible] pres. biden: all right. and congresswoman debbie di again, you -- smile, debbie, it's okay. aughter] rep. dingell: i am. i'm happy. pres. biden: elissa slotkin -- well, you should be. you -- you're -- you're responsible for thank you for joining us as i announce a series of actions to make sure american workers and american business anrporions can in the industries of the future, because that's what this is about. the fact is that american workers are -- can outwork outcompete anyone, as long as the competition is fair.
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but for too long, it hasn't been fair. for years, the chinese government has poured state money into chinese companies industries -- steel and aluminum, semiconductors, electric vehicles, solar panels , the industries of the future -- and even critical health equipment, like gloves and masks. china heavily subsidized all these products, pushing chinese companies to produce far more than the rest of the world can absorb. and then dumping the excess products onto the market at unfairly low prices, driving world out of business.ound the you know, we -- i won't go into it, but we were talking about today about how many aluminum plants there used to be and how many there are now. the pr alow because chinese companies don't need to worry about a profit because the chinese rn subsidized them and subsidized them heavily. and the chinese relies on other anticompetitive tactics as well, like forcing the american companies to transfer their technology in order to do business in china. i've spent a lot of time with xi
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jinping. early on, i told him -- he saidh china? i said, look, we'll play by the rwant if you want to do business in china, you got to have a 51% chinese owr, provide access to all your intellectual property, etc. you want to do that inri there was silence. sometimes they just outr steal through cyber espionage and other means. and it's been a well-documented and internationally recognized.e these, you're not c it's not competition. it's cheating. and we've seen the damage here in america. to nack in 2000, when cheap steel from china began to flood the market, u.s. pennsylvania and ohio were hit hard. and any of you from those areas know well. more than800 ironworkers and steelworkers in pennsylvania and ohio lost their jobs. i'm not going to let that happen again.
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that's why today i'm announcing new tariffs in key sectors of thatre going to ensure that our workers are not held back by unfair trade practices. they include ang announcing today, 25% tariff on chinese steel and aluminum products. and we'll counter china's overcapacity in these industries. investments in clean american -- and we're making major investmes steel and aluminum - clean american steel and aluminum. it's a big deal.e manufacture it here - it emits half as much carbon as steel made in china. last month, my administration announced the largest investment in clean manufri history, up to $1.5 billion in six clean steel projects across america, creating and supportin. next, a 100% tariff on electric vehicles made in china. people say,ow. [applause] because we're not going to let china flood our market, making
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it impossible for american automakers, auto manufactute fr. we're also implementing a 25 hicle batteries from china and a 25% tariff on the critical minerals that make ttteries. folks, look, i'm determined that the future of the electric vehicles will be made in america by union workers. period. and we'll do it by following international trade laws to do it. american companies are investing tens of billions of dollars in electric vehicles and their o bipartisan infrastructure law, we're building a network of 500,000 charging stations all across america, creating thousands - thousands of ibew jobs across america. electric charging stations -- and the simple. electric charging stations have to be as easy to find as a gas station, and that's what thiswi. you're not going to have to worry about -- you're taking o'o make it all across the country
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without having to figure something else out our partners around the world are making similar investmen they also want a supply chain for electric vehicles that isn't dominated by unfair trade practiceom you cani to make this clear, notwithstanding with the other guys saying, can by a kind of car they want. whether it's gas, electric, hybrid, but were never going to allow china to unfairly control the market for these cars. period. we're going to raise tariffs on chinese solar panels from 25 toe . chinese government is subsidizing excess capacity, they're flooding the market. they're driving manufacturing companies out of business in europe. but we won't let that happen he we are putting a 50% tariff on se madin china.
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these are those tiny computer -- all of you know this, but for the public, those little, tiny co, smler than a fingertip, that power everyday lives. everything from smartphones automobiles to dishwashers, satellites. look, america invented these chips. but over time, we stopped making them. we invested overseas. now, thanks to my chips and science act, one of the most significant investments ever in techlogy, we're bringing this vital industry back home where it started, in the united states of america. annae're putting tariffs on health equipment, like masks and gloves that nurses and doctors wear every single day. if the pandemicgh -- as d a pply of essential supplies here at home. folks, these key sectors, my administration is combining investments in america w tariffs that are strategic and targeted. it's a smart approach. compare that to what the prior administration did. my predecessor promised to
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increase americapo boost manufacturing. but he didn't either. he failed. he signed a trade deal with china. they were supposed to buy $200 billion more in american goods. instead, china imports from america barely budged. publicans want and his maga across-the-board tariffs on all imports from all countries, if reelected. ■qwe $1,500 per year each year. he simply doesn't get it. chinae rise, trust me, china the rise, america is falling behind. am for years, i've heard many republicans and even democratic friends say, china is not on the rise. e, cna is on the rise. america is falling behind. i've always believed they got it america is rising. we have the best economy in the world. ome to office, the gdp is up, our trade deficit with china is down to the lowest level in over a decade, and we're standupst chinese government unfair economic practices now.
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at the same time we're sta up for peace and stability across the taiwan straits. i've revitalized our partnerships with the pacific japan, south korea, the philippines pacific island , nations. before it for all this tough talk on china, it never occurred to my pres any of that. i want fair competition withonf. we are in a stronger position to ceury against china than anyone else because we are investing in america again, in american workers. let me close with this. town where a lot of working-class and middle-class workers are in america. once a manufacturing boom town until trickle economics came down in the middle class got hollowed out. six years ago my predecessor showed up withpromising, thanks0 billion manufacturing complex --
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he said it would be the eighth wonder of the world. that never came true. he used that golden shovel to dig a hole and to it. thanks to the investment my mi is investing billions to build a new datacenter creating ousas of good paying jobs because the few from scranton in towns like lot different than mar-a-lago. it's if you wert determine your worth. everyone is entitled to be treated with dignity and respect eryone deserves a fair shot. believe nobody behind. that's the america we are buildiog andow because of the rain. are the united states of the is nothing beyond ourg capacity when we do it together. bless you all and i'm going to get out of the rain. thank you all -- god bless you
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all and let's get out of the rain. you. [applause]
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