Skip to playerSkip to main content
Forbes Breaking News
  • 5 months ago
At a White House press briefing on Tuesday, Press Secretary Karoline Leavitt was asked about
Transcript
00:00Can you describe the President's perspective on taking a stake in Intel in
00:03exchange for federal grants? And is this a, are we expecting to see the White
00:07House make similar arrangements with other semiconductor companies and
00:10manufacturing companies? Well, the President, he's been very clear about
00:13the need to reshore manufacturing that's critical to our national and economic
00:17security. That is especially in regards to chips and semiconductors, which is
00:21why the President has initiated the Commerce Department to conduct a study
00:26on semiconductors, a Section 232 investigation, so we can ultimately
00:30implement tariffs. And it's why our export license requirements remain in place as
00:35well. As for this 10 percent government stake deal, the Department of Commerce
00:39continues to work on it. I know Secretary Lutnik is working on it and ironing out
00:44the details, but the President wants to put America's needs first, both from a
00:49national security and economic perspective. And it's a creative idea that has never
00:53been done before, to ensure that we're both reshoring these critical supply
00:58chains while also gaining something of it for the American taxpayer. You're welcome.
01:02Emily.
01:03Thanks, Caroline.
01:04I wanted to ask-
Be the first to comment
Add your comment

Recommended

Karoline Leavitt Asked Point Blank: Does Trump ‘Believe The Senate Parliamentarian Should Be Removed?’
Forbes Breaking News
7 months ago
Karoline Leavitt Holds White House Press Briefing As Trump Sends Troops In L.A.
Forbes Breaking News
7 months ago
Karoline Leavitt Asked About What The President Is Doing To Help Small Businesses
Forbes Breaking News
9 months ago
Karoline Leavitt Holds White House Press Briefing As Tariff Deadline Approaches Aug 1
Forbes Breaking News
5 months ago
Karoline Leavitt Asked: Why Is The Trump Administration Sending Letters To Countries About Tariff Deal Deadlines?
Forbes Breaking News
7 months ago
Karoline Leavitt Asked If Countries Receiving Tariff Letters Won't 'Take Them Seriously'
Forbes Breaking News
6 months ago
Karoline Leavitt Sends A Message To Federal Workers Who Are Not ‘Advancing The Administration’s Goals’
Forbes Breaking News
9 months ago
Karoline Leavitt Asked If Trump Believes BRICS Members Are 'Trying To Isolate' US After Tariff Threat
Forbes Breaking News
6 months ago
Karoline Leavitt Holds White House Press Briefing After Two Courts Strike Down Trump's Tariffs
Forbes Breaking News
8 months ago
Karoline Leavitt Holds White House Press Briefing As Hegseth Controversy Intensifies
Forbes Breaking News
9 months ago
White House Press Secretary Karoline Leavitt Says Tariff Letters To Countries Are 'The Deals'
Forbes Breaking News
6 months ago
'What Specifically Did She Do?': Karoline Leavitt Grilled On Trump Firing CDC Director
Forbes Breaking News
5 months ago
Karoline Leavitt Emphasizes Trump’s Push To Shutter The Voice Of America: ‘Congress Should Act’
Forbes Breaking News
7 months ago
Karoline Leavitt Takes Questions From Reporters' Kids At Special White House Press Briefing
Forbes Breaking News
8 months ago
Karoline Leavitt Asked About Trump's Plan To Hold A Pre-Midterm Convention
Forbes Breaking News
5 months ago
Karoline Leavitt Slams Dems' Concern For Kilmer Abrego Garcia: They Couldn't 'Care Less About The American Public'
Forbes Breaking News
9 months ago
Karoline Leavitt: White House Pushing Syria To Join Abraham Accords, No Timeline Though
Forbes Breaking News
7 months ago
Karoline Leavitt Asked About Trump Floating 'Leniency' For Undocumented Farm Workers
Forbes Breaking News
9 months ago
Karoline Leavitt Asked If Trump Wants Massie And Davidson Primaried After Voting Against Reconciliation
Forbes Breaking News
8 months ago
Karoline Leavitt Pressed On Trump Removing Lisa Cook From Fed Board Before Any Convictions
Forbes Breaking News
5 months ago
Karoline Leavitt Holds White House Press Briefing As Trump Urges Lower China Tariffs
Forbes Breaking News
8 months ago
Karoline Leavitt Holds White House Press Briefing After House Passes GOP Budget Bill
Forbes Breaking News
8 months ago
Karoline Leavitt: Countries 'Could See Some More Letters' Before August Trade Agreement Deadline
Forbes Breaking News
6 months ago
Karoline Leavitt Clarifies Trump's 'Slums' Comment Amid Crackdown In Washington, DC
Forbes Breaking News
5 months ago
Karoline Leavitt Reveals What Trump Wrote To Fed Chair Jerome Powell In Letter
Forbes Breaking News
7 months ago