00:00I'm not going to sugarcoat it. These last few days have been really tough for Michigan.
00:0620% of our economy is tied to the auto industry, which depends on a steady flow of goods from our
00:13largest and closest trading partners. We're home to the busiest international border crossing in
00:21North America. More than 10,000 vehicles carrying parts and materials crossed the bridge between
00:28Detroit and Windsor every weekday. We're already seeing the impacts of tariffs. Auto companies are
00:35stockpiling parts and laying off workers. Suppliers are facing higher costs and delaying expansions.
00:45Dealerships are forced to raise prices by up to $15,000 amid slowing sales. And since every single
00:54auto job supports three others in the community, the impact is being felt by all of us, including
01:03small businesses across my state. Economists have pointed out that these tariffs represent
01:09the largest tax increase in nearly 60 years, costing families an average of $1,900. And
01:17if you're planning on having a cup of coffee, pumping gas, getting your groceries, buying
01:23clothes for your kids, or just simply meeting a friend for a drink, every one of those transactions
01:28is going to cost more because of tariffs. At the same time, we know that 401ks and IRAs are
01:35plunging, which is going to force older Americans to put off retirement. Home prices are going to go up
01:41and putting home ownership further out of reach for young people. So it really is a triple whammy.
01:49Higher costs, fewer jobs, and more uncertainty. And it couldn't come at a worse time. People have
01:57been struggling after years of inflation and wages that aren't keeping up. We need government to stay
02:03focused on lowering the cost of living. Instead, what we're getting is the opposite. Less money in
02:10our pockets. More doubts about future paychecks. Critical government services that are getting
02:17defunded when they are needed most. I understand the motivation behind the tariffs. And I can tell
02:23you, here's where President Trump and I do agree. We do need to make more stuff in America. More cars
02:30and ships. More steel and ships. We do need fair trade. No state has lived through the consequences of
02:39offshoring and outsourcing more than Michigan. We know that when you lose a factory, it doesn't just
02:47mean losing those jobs. Losing people means losing resources. It means fewer police officers and underfunded
02:56schools. It means less housing being built and fewer roads fixed. It's a loss of purpose and identity.
03:05So while I share the President's goal of bringing good-paying, middle-class manufacturing jobs back,
03:12it's got to be done right. Reindustrialization could have huge ripple effects since manufacturing has the
03:20highest economic multiplier of any sector. Every dollar spent to make something triggers a chain
03:28reaction of material purchases, job growth, and supply chain, and more economic growth.
03:36So as I've said before, I'm not against tariffs outright. But it is a blunt tool. You can't just
03:44pull out the tariff hammer to swing at every problem without a clear, defined end goal. We cannot
03:52underestimate or underappreciate the time and capital it's going to take to actually bring jobs and supply
04:00chains back home. So there's not a shortcut here. Strategic reindustrialization must be a
04:07bipartisan project that spans multiple presidential administrations. Subscribe to One India channel and
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