STAND.
MARIA: THAT'S WHERE WE ARE THIS
TRADE CEASE-FIRES TORY.
STATUTORY STEEL MILL NOW
BOOSTING PRODUCTION FOLLOWING
THE PRESIDENT'S MOVE TO IMPOSE
TARIFFS ON AN ALUMINUM IMPORT.
TRADE TALKS WITH THE EUROPEAN
UNION.
>> WE AGREE FIRST OF ALL TO WORK
TOWARDS ZERO TARIFFS, ZERO
NON-TARIFF BARRIERS IN SIERRA
SUBSIDIES ON NON-AUTO INDUSTRIAL
WILL NOT GO AGAINST THE SPIRIT
OF THE AGREEMENT UNLESS EITHER
PARTY TERMINATES THE
NEGOTIATION.
WE ARE STARTING A NEGOTIATION
TURN TO THE ON ALUMINUM IN
DEALER COST IN AMERICAN
COMPANIES, BOTH COCA-COLA AND
GENERAL MOTORS WILL HAVE TO
RAISE PRICES ON THEIR PRODUCTS
IN LARGE PART BECAUSE OF THE
PRESIDENT BY.
GOOD TO SEE YOU THIS MORNING.
>> THANK YOU FOR HAVING ME ON,
MARIA.
>> CAN YOU GO THROUGH WHAT WAS
AGREED UPON?
>> SURELY.
THE OBJECT IS THAT THE NEW TRADE
NEGOTIATION HAVE BEEN VERY
FIRMLY SET GOOD WE ARE GOING
SO THAT SHOULD REALLY LEVEL THE
PLAYING FIELD AND ENABLE
AMERICAN COMPANIES TO BE FULLY
COMPETITIVE AND GET THE KIND OF
MARKET ACCESS THAT THEY NEED.
MEANWHILE, STEEL AND ALUMINUM
TARIFFS STAY IN PLACE AND WE
WILL CONTINUE PURSUING OUR
INVESTIGATION OF THE AUTOMOTIVE
232 AND HOPEFULLY THESE
NEGOTIATIONS WILL BE FAIRLY
QUICKLY SO WE CAN GET TO A
AWAY WITH THE ALUMINUM STEEL
TARIFFS.
THE U.S. CHARGES 25%, RIGHT?
>> THERE WAS AN EXCEPTION FOR
AUTOMOTIVE PRODUCTS.
INSTEAD WE WORK TOWARDS ZERO
TARIFFS ON NON-AUTOMOTIVE
INDUSTRIES.
SO THE PRESIDENT WITH THE
PROGRESS THEY'VE MADE IN OPENING
NEW FACILITIES.
I'M JOINING THEM TODAY AS WE GO
NOT GOING TO DO ANYTHING TO
DESTROY STEEL AND ALUMINUM FOR
THEIR NEWFOUND SUBSTANCE.
>> WAS THERE A TIMELINE
DISCUSSED IN TERMS OF WHEN WE
MIGHT SEE ACTUAL CLARITY ON WHAT
THE TRADE DEAL WILL LOOK LIKE
TURNING THE U.S. AND THE E.U.?
>> THERE IS NO PRECISE TIMETABLE
SET IT AS IT'S A MEANINGFUL
THING.
THE PRESIDENT MADE IT VERY CLEAR
HE'S NOT GOING TO SIT AROUND FOR
THE NORMAL TWO, THREE YEARS TO
PRINCIPLES AGREED IT SHOULD NOW
BE MORE FILLING IN THE BLANKS
THAN STARTING FROM GROUND ZERO.
MARIA: WHAT DO YOU THINK ABOUT
TERRA CITY OF DETROIT.
FULL-YEAR OUTLOOK AS THEY REVEAL
RISING COST OF STEEL AND
ALUMINUM.
REVERSE WHAT HAS GONE ON.
WE ARE ALSO SEEN WE EXPECT THIS
TO IMPACT THEIR BUSINESS.
>> I'VE SAID BEFORE ON THE AUTO
INDUSTRY'S COST AND 1% ON THE
COST OF THE VEHICLE.
SO TO THE DEGREE THAT MIGHT BE
PASSED ALONG THAT'S POSSIBLE.
AVAILABLE TO FILL THEM FOR THE
FIRST TIME EVER.
RECORD LOW UNEMPLOYMENT FOR
AFRICAN-AMERICANS, HISPANICS,
WOMEN COMING YOUNG PEOPLE.
THE ECONOMY IS BOOMING AND THAT
IS WHAT IS REALLY IMPORTANT.
NOT GOING TO ABANDON THE
INDUSTRIES THAT IS JUST HELP TO
REVITALIZE.
>> WHAT IS THE NEXT PRIORITY?
TALKING ABOUT THE POTENTIAL DEAL
WITH MEXICO.
IS THAT THE PRIORITY NOW IS TO
CONTINUE TO WORK WITH THE E.U.?
>> WE ARE WORKING ON A LOT OF
DIFFERENT FRONTS AT THE SAME
TIME AND THAT SHOWS YOU THE
SPEED AND BREADTH OF THE
PRESIDENT SCOPE OF THESE TRADE
ISSUES.
WE HAVE TO GET THEM FIXED IN A
FAIRLY SHORT PERIOD OF TIME.
THEY'VE GONE ON TOO LONG
UNCHECKED BY PRIOR ADMIN IS
RATION.
VERY QUICK WAY APPOINTED THE
TEAM AND HAS MADE VERY CLEAR HE
WANTS TO GET A DEAL DONE.
WITHOUT EVEN WAITING FOR HIS
FIRST OF DECEMBER AND IT LOOKS
PRETTY CLEAR TO GET SOMETHING
RESOLVED BETWEEN THE UNITED
DATES IN MEXICO TO EVEN HIS
INAUGURATION.
IS IT FAIR TO SAY THE CHANGE IN
LEADERSHIP AND MEXICO ALSO IS
VERY POSITIVE TOWARDS BETTER
RELATIONS WITH THE U.S.?
THAN WE DID DURING SOME OF THE
CAMPAIGN RHETORIC.
DEAL WITH MEXICO?
>> WE HOPE SO.
THE IMMEDIATE FOCUS IS MUCH MORE
IN MEXICO.
THE ISSUES ARE MORE COMPLEX THAN
WE CAN GIVE VERY GOOD PROGRESS
VERY QUICKLY.
MARIA: UNDERSTOOD.
NO WINNER.
DO YOU FEEL YOU'VE BEEN ABLE TO
MOVE THE NEEDLE YET IN TERMS OF
THEIR EFFECTS ON INTELLECTUAL
PROPERTY AND TECHNOLOGY?
>> WE HAVEN'T SEEN ANY FORMAL
STEPS TO RESOLVE THOSE ISSUES.
YOU SEE REPEATED ANNOUNCEMENTS
COMING OUT OF CHINA.
THINGS THEY ARE DOING AT THE
CLEARLY THEY ARE FEELING
PRESSURE FROM THE TARIFFS THE
PRESIDENT HAS PUT NON.
THEY ARE HAVING SOME DIFFICULTY
IMPLEMENTING THEIR RETALIATORY
TARIFFS.
MARIA: DO YOU FEEL BETTER NOW
THAT THERE IS AN AGREEMENT IN
PLACE THE E.U. POTENTIALLY
TEAMING UP AGAINST CHINA TO
PRESSURE CHINA TO STOP BAD
BEHAVIOR?
>> THE E.U. ACID TESTED SEVERAL
US SO THAT THEY COULD JOIN WITH
US VERY AGGRESSIVELY IN DEALINGS
WITH CHINA.
WE WILL HAVE TO SEE WHAT TURNS
OUT FROM NOW.
IT CERTAINLY IS A GOOD STEP