CREATED A MIDDLE CLASS BOOM OF 2
MILLION PEOPLE OUTSIDE OUR
COUNTRY.
JOINING ME, DENEEN BORELLI,
GILLIAN MELCHOIR.
AND KAY LAY, THINGS HAVE
CHANGES.
>> THESE ARE STRATEGIC TARIFFS.
WE ARE TALKING ABOUT A TENTH OF
A PERCENTAGE POINT OF OUR
ECONOMY.
YOU LOOK AT THE STEEL INDUSTRY,
ALUMINUM.
WE USED TO HAVE 23 SMELTERS IN
1993.
NOW WE ONLY HAVE FIVE.
ONLY ONE PRODUCES THE ALUMINUM
WE NEED TO PRODUCE FIGHTER JETS.
OTHERWISE WE WOULD BE DEPENDENT
ON OTHER COUNTRIES FOR OUR
NATIONAL SECURITY AND I DON'T
THINK WE WANT THAT.
CHARLES: PEOPLE SAID TRUMP
LOOKED INDECISIVE.
TO ME HE WAS DECISIVE AND IT
LOOKS LIKE IT WILL INCLUDE
CANADA AND MEXICO.
IF YOU WANT TO FIND THE ONE
PERSON CALLING FOR TARIFFS TO BE
REMOVED IT WOULD BE ME.
CHARLES: YOU SAY WE SHOULD HAVE
NO TARIFFS, BUT THE COUNTRIES WE
TRADE WITH SHOULD HAVE NO
TARIFFS?
>> NO, BUT I THINK THE UNITED
STATES ULTIMATELY BENEFITS.
IF YOU LOOK AT NAFTA, IT GETS A
BAD RAP.
BUT AMERICANS ARE BENEFITING
FROM A $10 MILLION ANNUAL
DISCOUNT ON CONSUMER GOODS TO
HOUSEHOLD EARNING $75,000 OR
LESS.
WE YOU CAN TALK ABOUT HOLDING UP
THE CAN AND TAKE ONE FOR THE
TEAM.
EVERY TIME I HEAR SOMEONE DO
THAT, I THINK IT'S AN ELITIST
POINT.
CHARLES: IN 2000 WHEN CHINA
WRAPPED UP IT STEEL PRODUCTION.
>> I WAS INVOKED BY YOGI BEARA
HERE, WE DON'T KNOW WHAT WE
DON'T KNOW.
THERE IS TALK OF 25% FOR STEEL
AND 10% FOR ALUMINUM.
NO ONE SHOULD BE SURPRISED THIS
IS IN THE DISCUSSION.
THIS IS ONE OF HIS CAMPAIGN
PROMISES TO PUT AMERICA FIRST.
WE HAVE BEEN GETTING THE
SHORTENED OF THE STICK.
CHARLES: KAYLEIGH, THE SURPRISE
PART IS THE SURPRISE PART TO ME,
WHOEVER SAID THEY WERE
SURPRISED.
A LOT OF PEOPLE POINT BACK TO
THE 1930s.
20,000 ITEMS.
THIS IS A WHOLE DIFFERENT TIME
AND PLACE.
WE HELPED CREATE 2 BILLION
MIDDLE CLASS FOLKS AROUND THE
WORLD.
AND IT HAS TO SOME EXTENT BEEN
AT THE EXPENSE OF OUR ECONOMIC
GROWTH.
I DON'T KNOW HOW LONG WE CAN
HAVE OUR ECONOMY IN NEUTRAL
WHILE CHINA GROWS AT 8%.
>> OTHER COUNTRIES TAKE
ADVANTAGE OF LOW TARIFFS OR NO
TARIFFS WHEN COMING INTHE TO OUR
COUNTRY SELLING THEIR GOODS.
WE OWE THIS TO THE FACTORY
WORKERS IN OUR COUNTRY TO DO
THIS.
I SAT ACROSS FROM THEM, THEY ARE
DEPENDING ON HIM.
IT'S WHY HE WON.
THIS WAS ENDORSED BY THE AFLCIO
REPRESENTING WORKERS ACROSS
VARIOUS UNIONS.
THE AMERICAN WORKER HAS TO COME
FIRST.
CHARLES: PRESIDENT TRUMP DID
WEIGH IN ON THIS AGAIN TODAY.
PRESIDENT TRUMP: WE ARE NOT
BACKING DOWN.
MEXICO IS -- WE HAVE HAD A VERY
BAD DEAL WITH MEXICO, VERY BAD
DEAL WITH CANADA IT'S CALLED
NAFTA.
OUR FACTORIES AND JOBS HAVE LEFT
OUR COUNTRY FOR MANY YEARS NAFTA
HAS BEEN A DISASTER.
WE ARE RENEGOTIATING NAFTA.
CHARLES: WHERE THERE ELEMENTS IN
NAFTA YOU DON'T THINK ARE RIGHT
FOR AMERICA?
>> I THINK WHAT WE CAN POINT TO
WITH THE 25% INCREASE ON STEEL
AND 10% ON ALUMINUM, THIS IS
PROTECTING A SMALL SEGMENT OF
AMERICAN WORKERS, UNION WORKERS
SOMETIMES.
CHARLES: WHAT ABOUT THE 25%
TARIFF WE HAVE ON PICKUP TRUCKS?
>> I THINK THAT'S THE CONSISTENT
THING TO DO.
A STUDY CAME OUT TODAY THAT SAID
YOU WILL GAIN 33,000 STEEL JOBS
BUT YOU WILL LOSE 179,000 JOBS
IN STEEL DEPENDENCESY.
TIMES ARE CHANGE AND ONE OF
THOSE CHANGES IS TECHNOLOGY.
IF YOU LOOK AT AUSTRIA.
14 WORKERS ARE DOING WAIT ONCE
TOOK 1,000 WORKERS TO DO.
I DON'T THINK THOSE JOBS ARE
COMING BACK.
CHARLES: IT'S NOT JUST THE STEEL
JOBS WHICH IN 1950 WERE 650,000.
19 MILLION MANUFACTURING JOBS
GOING TO 12 MILLION
MANUFACTURING JOBS.
THERE IS SOMETHING WRONG WHEN
OUR ECONOMY GROWS AT 1% AND
CHINA GROATS AT 8% YET THEY ARE
EMPLOYING THE TACTICS WE SAY
DON'T WORK.
>> CHINA DOESN'T CARE ABOUT THE
ENVIRONMENT SO THEY SUBSIDIZE
THEIR INDUSTRY.
>> I THINK TO YOUR POINT SHOULD
WE BE DOING WHAT CHINA IS DOING,
YOU CAN USE THAT ARGUMENT,
SHOULD WE BE RUNNING AN
AUTHORITARIAN STATE MANIPULATED
BY THE GOVERNMENT.
CHARLES: I'M TALKING ABOUT A
COUNTRY GROWING RAPIDLY AND
PROTECTING ITS DOMESTIC ECONOMY.
WHAT'S WRONG WITH THAT?
>> CHANGA IS ALSO -- CHINA IS
ALSO BEING INVESTIGATED FOR
INTELLECTUAL PROMPT MISFEASANCE.
CHARLES: WE ARE NOT TALKING
ABOUT POLLUTING OR MAKE OUR
PRESIDENT A DICTATOR KAYLEIGH.
WE ARE SAYING SOMETHING HAS GONE
WRONG.
IF THEY DON'T THINK SOMETHING
HAS GONE WRONG THEY NEED TO
DRIVE THROUGH PENNSYLVANIA TO 0
OHIO.
THERE IS A NATIONAL SECURITY
COMPONENT TO THIS.
TINO WE DON'T HAVE THE
CAPABILITY TO MAKE ALL THE
INDUSTRIAL METALS WE NEED TO
WAGE WARFARE.
BUT THAT UNDERSCORES THE POINT,
DOESN'T IT?
>> WHEN WE LOOK AT THE STEEL
PRODUCTION, THE UNITED STATES IS
RESPONSIBLE FOR 1.5% OF THAT.
WE NEED TO MAKE THINGS AS A
COUNTRY.
WE NEED TO BE PRODUCING THE KIND
OF ALUMINUM THAT MAKES FIGHTER
JETS.
WE NEED BE A COUNTRY THAT MAKES