Chuck Schumer Praises Biden For 'Standing Up For American Workers' By Imposing New Tariffs On China

7 months ago

During remarks on the Senate floor, Senate Majority Leader Chuck Schumer (D-NY) spoke about new tariffs that Biden is imposing on China.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:00 Today, Mr. President, President Biden announced he is taking new steps to protect U.S. workers

00:08 and put the Chinese Communist Party on notice with a new round of tariffs on goods vital

00:13 for America's economic future.

00:16 I commend President Biden for standing up for American workers and making it clear to

00:21 the CCP that they will face the consequences for their trade abuses.

00:27 Ending the CCP's unfair trade practices is something I've cared about for a very long

00:33 time.

00:34 It was one of the very first issues I focused on when I first visited upstate New York as

00:39 a senator and saw for myself jobs leaving the shores.

00:43 The CCP has shown that they will stop at nothing to steal our intellectual property and undermine

00:50 our economy.

00:51 When I met with President Xi during my CODEL last fall, I pointedly confronted him about

00:57 the Chinese government's history of trade abuses and said we need to create a more even-level

01:02 playing field.

01:03 Today's tariffs are thus a good step towards reversing America's trade imbalances and protect

01:10 U.S. production of everything from batteries to solar cells to semiconductors to steel

01:17 and aluminum.

01:22 I'm particularly pleased that President Biden's tariffs will boost American EVs and clean

01:27 energy manufacturing.

01:29 With all the investments we Democrats made in the Inflation Reduction Act to boost EV

01:35 manufacturing – something I cared a lot about and worked hard for – it would be

01:38 terrible for America's roads to become saturated with EVs made in China, and these tariffs

01:44 will help prevent that.

01:46 We have taken major steps to reverse the ossification of U.S. manufacturing with the infrastructure

01:53 law, the IRA, and chips and science, but the President's tariffs are also a critical

01:58 part of the solution.

Chuck Schumer Praises Biden For 'Standing Up For American Workers' By Imposing New Tariffs On China

Category

Transcript

Recommended