LOU: CHINA TRYING TO AVOID TRADE
ACCOUNTABILITY OFFERING TO BUY
AS MUCH AS $70 BILLION OF U.S.
FARM AND ENERGY PRODUCTS IF ONLY
THE TRUMP ADMINISTRATION WOULD
DROP $50 BILLION IN TARIFFS ON
CHINESE EXPORTS.
THE OFFER DOESN'T COME ANYWHERE
NEAR CLOSING AMERICA'S
$375 BILLION TRADE DEFICIT WITH
CHINA AND THE WHITE HOUSE SAYS
IT'S STILL ENACTING THE TARIFFS
BY MID JUNE.
>>> PRESIDENT TRUMP'S NEW
TARIFFS ON STEEL AND ALUMINUM
IMPORTS BRINGING JOBS BACK TO
AMERICA.
CASE IN POINT, U.S. STEEL
CORPORATION WHICH TODAY
ANNOUNCED THE PLANNED REIGNITION
OF A SECOND BLAST FURNACE AT ITS
PLANT IN GRANITE CITY, ILLINOIS.
U.S. STEEL PLANS TO HIRE ANOTHER
300 EMPLOYEES AFTER HIRING 500
BACK IN MARCH.
JOINING US TONIGHT WITH IS THE
CEO OF U.S. STEEL, DAVID
BURRITT.
GREAT TO HAVE YOU WITH US.
AND THIS PRESIDENT IS TRULY
MAKING A DIFFERENCE FOR YOU
INDUSTRY, ISN'T HE?
>> YES, HE IS.
THANK YOU VERY MUCH, LOU.
WE'RE DELIGHTED TO BE HERE AND
DELIGHTED TO SEE THAT DEMAND HAS
INCREASED SIGNIFICANTLY.
SO WE'RE ABLE TO OPEN UP NOT
JUST ONE BLAST FURNACE AT
GRANITE CITY, ILLINOIS BUT TWO.
AND 800 PEOPLE WILL HEAD BACK TO
WORK AND WE'RE PUTTING THEM
THROUGH THE PACES NOW AND
THEY'RE RESPONDING EPTION NALLYE
THEY'RE RESPONDING EPTION NALLYC
THEY'RE RESPONDING EPTION NALLYP
THEY'RE RESPONDING EPTION NALLYI
THEY'RE RESPONDING EPTION NALLYN
THEY'RE RESPONDING EPTION NALLYL
THEY'RE RESPONDING EPTION NALLYY
WELL.
WE'RE EXCITED FOR OUR TEAM AND
CUSTOMERS.
SO THAT WE CAN PROVIDE MINED,
MELTED AND MADE IN THE USA
STEEL.
LOU: YOUR COMPANY, YOUR TRADE
STYLE IS ICONIC AMERICA.
AND TO THINK WHAT U.S. STEEL HAS
GONE THROUGH OVER THE PAST
SEVERAL DECADES IS
EXTRAORDINARY.
AND IT HAS REQUIRED DONALD TRUMP
TO BASICALLY STEP UP AND SAY TO
THE WORLD, YOU'RE OUT OF YOUR
MINDS.
WE HAVE SUCH TRADE IMBALANCES
ACROSS THE WORLD.
HE'S THE ONLY VOICE IN
LEADERSHIP IN THE WORLD, IN THE
WESTERN WORLD TALKING ABOUT
TRADE IMBALANCES AND RESTORING
RATIONALITY TO THE INTERNATIONAL
TRADING SYSTEM AND THE LEFT AND,
IF YOU WILL, THE ESTABLISHMENT
RIGHT, ARE JUST CLUCKING LIKE
THEY'RE WAILING, GNASHING THEIR
TEETH AS IF HE IS THE ONE
PRESCRIBING A DESTINY THAT
SHOULD MAKE EVERY AMERICAN
SHIVER, INSTEAD OF THE TESTY
THAT WE'VE
DEAT WE'VE
DEST WE'VE
DESTINE'VE
DESTINY'VE
DESTINYWEE
DESTINYWE'VE BEEN LIVING FOR 30Y
DESTINYWE'VE BEEN LIVING FOR 30A
DESTINYWE'VE BEEN LIVING FOR 30S
DESTINYWE'VE BEEN LIVING FOR 30.
>> PRESIDENT TRUMP DOES HAVE IT
ABSOLUTELY RIGHT.
HE NEEDS TO TRUST HIS INSTINCTS.
THE REALITY IN STEEL, WE'VE BEEN
IN A TRADE WAR FOR OVER 30
YEARS.
IT TAKE AS COURAGEOUS PRESIDENT
LIKE THIS TO GET PEOPLE TO THE
TABLE TO HAVE A DISCUSSION AND
ACTUALLY FORCE SOME RESOLUTION
HERE.
MEANWHILE, WE'RE DOING THE RIGHT
THINGS FOR OUR WORKERS HERE IN
THE UNITED STATES.
AND OF COURSE SPECIAL THANKS TO
COMMERCE SECRETARY ROSS AND
PETER NAVARRO WHO HAVE BEEN
FIGHTING THE GOOD FIGHT EVERY
SINGLE WAY.
BUT IT'S THE PRESIDENT'S
LEADERSHIP THAT'S MADE THE
DIFFERENCE WITH 2-3-2.
LOU: IT'S AMAZING TO THINK WHAT
THIS PRESIDENT WAS SAY IN 2015
ABOUT AMERICAN MADE, AMERICAN
JOBS, AND THE FACT THAT THE
UNITED STATES HAS PLAYED CHUMP
FOR SO LONG.
MOST IMPORTANTS DON'T REALIZE,
WE HAVE NOT HAD A TRADE SURPLUS
IN THIS COUNTRY FOR OVER FOUR
DECADES.
THAT'S JUST IRRATIONAL.
AND WE'VE HAD BOTH REPUBLICANS
AND DEMOCRATS IN THAT WHITE
HOUSE WHO HAVE BASICALLY
CONSPIRED AGAINST THE WORKING
MAN AND WOMAN IN THIS COUNTRY, A
MIDDLE CLASS FAMILIES, WORKERS
AND MIDDLE CLASS WAGES, AS YOU
WELL KNOW, HAVE BEEN DROPPING,
NOT RISING, UNTIL THIS PRESIDENT
TOOK OFFICE.
>> YEAH, YOU'RE ABSOLUTELY
RIGHT.
I THINK IT HASN'T BEEN
INTENTIONAL BY PREVIOUS
ADMINISTRATIONS BUT IT'S BEEN
THE ABCONVENIENCE OF ACUMEN, THE
UNS
UNDERSTANDING OF WHAT'S GOING ON
HERE.
WHAT WE WANT IS A LEVEL PLAYING
FIELD.
YOU GIVE US A LEVEL PLAYING
FIELD AND WE CAN COMPETE WITH
ANYBODY IN THE WORLD.
LOU: AND I CAN REMEMBER IN THE
'70s WHEN PEOPLE WERE SAYING
EXACTLY THAT.
AND THEN THE '80s THEY WERE
SAYING THAT AND THEN BY THE
'90s IT WAS TOO DAMN LATE, WE
THOUGHT.
BUT IT TURNS OUT 2016 WE WEREN'T
TOO DAMN LATE.
TRUMP ARRIVED ON THE SCENE JUST
IN TIME.
AND.
>> THAT'S ABSOLUTELY TRUE.
BECAUSE, YOU KNOW, THIS STEEL
INDUSTRY IS VITAL TO THE
NATIONAL DEFENSE OF THIS COUNTRY
AND IT'S NOT JUST THE MILITARY.
IT'S BUILDING THE ROADS AND THE
BRIDGES AND TAKING CARE OF OUR
SOCIETY.
IF YOU DON'T HAVE A STRONG
COMMODITIES INDUSTRY, YOU REALLY
CAN'T MAKE THINGS FOR
MANUFACTURING.
AND WE KNOW HOW THESE BAD ACTORS
BEHAVE.
SOME OF THEM ALLIES, THAT THEY
BASICALLY TAKE THE BUSINESS
AWAY, JACK UP THE PRICES AND
KILL THE INDUSTRY AND THEN JACK
UP THE PRICES.
WE KNOW WHAT GAME IS BEING
PLAYED AND THIS PRESIDENT
UNDERSTANDS WHAT GAME IS BEING
PLAYED AND NOW WE'VE GOT THE
CUSTOMER DEMAND COMING BACK TO