00:00We are going to be imposing a 25 percent increase.
00:06We're going to bring it from 25 percent to 50 percent, the tariffs on steel into the United
00:12States of America, which will even further secure the steel industry in the United States.
00:21Nobody's going to get around that.
00:24So we're bringing it up from 25 percent.
00:28We're doubling it to 50 percent.
00:30He's going to make this is this is going to be his pet project.
00:34It's going to be great.
00:36But the Nippon investment we're announcing today blows them all away with a record setting.
00:41And this was just heard of.
00:43We just came out a little while ago, 14 billion dollar commitment to the future of this company.
00:51It's that is the single largest investment.
00:59That's a single largest investment of any kind in any industry.
01:05So not only steel, go all the way back, you go into fracking, you go into anything you want
01:10to go into because you're a good fracking state, too.
01:13We love fracking, by the way.
01:15But think of this.
01:16Think of this.
01:17The largest investment of any kind in the history of the Commonwealth of Pennsylvania.
01:23And we also will be the largest investment in the history of American steel industry.
01:28There's never been a 14 billion dollar investment in the history of the steel industry in the
01:36United States of America.
01:37You know, I have to tell you about Nippon.
01:41They kept asking me over and I kept rejecting it.
01:44No way.
01:45No way.
01:46No way.
01:47And after about four times, I said, you know, these people really want to do a great thing.
01:51They want to.
01:52They really want it.
01:53And they're putting up, you know, billions of dollars and they're going to do this plant
01:57and other plants.
01:58And it's great.
01:59And you're going to have control.
02:01You're going to maintain control.
02:04And nobody would put up money like that.
02:06And every time, Dave, I think you'll say every time they came in, the deal got better and
02:11better and better for the workers, because I didn't give a damn about anybody else, if
02:15you want to know the truth.
02:16And the rest of them, they'll take care of themselves.
02:20Most importantly, U.S. steel will continue to be controlled by the USA.
02:24Otherwise, I wouldn't have done the deal.
02:26I wouldn't have done it.
02:28But the USA and we're going to be working together and you're going to look at your board.
02:32You have a great board and we're going to have an amazing alliance.
02:38You don't have a country.
02:39You don't have a country.
02:41You can't make a military.
02:43What are we going to do?
02:44Say, let's go to China to get our steel for the army tanks and for the boats and ships.
02:48A strong steel industry is not just a matter of dignity or prosperity and pride.
02:54It's above all a matter of national security.
02:58We're taking in billions and billions of dollars and tariffs and other things and we're keeping
03:05our competitive nations, we're keeping them, they're competitors, and we're keeping them
03:10totally at bay.
03:11And we right now have the hottest nation anywhere in the world.
03:16And six months ago, we had a nation that was dying.
03:19We had a nation that was cold as ice.
03:22And now we have the hottest, most talked about nation anywhere in the world.
03:26We're going to talk about country where the people got into the world.
03:36We'll be in the middle of a country.
03:37We're going to talk about country, you know, the population, and the United States, which
03:42is a big part of country.
03:43We got a nation to country, and we're going to be here.
03:46We're going to be here.
03:48We're going to be here.
03:49We're going to be here.
03:49We're going to be here.
03:54You
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