Key Capitol Hill Hearings CSPAN June 28, 2016 2:20pm-2:56pm EDT
the white house briefing at this point to go to mend us in, pennsylvania outside of pittsburgh to hear from donald trump. he will talk about the economy. live coverage. mr. trump: thank you, everybody. i really appreciate it. i would like to thank the owner of the plant, gave and gloria, you are here someplace. i want to thank rick santorum, our senator, our great senator for being here and for the endorsement. and for all of the amazing workers. are the mosty important. the amazing workers. i know you have been through very tough times, but we will make it better and we will make it better fast. just watch. [applause] today, i will talk about how to make america wealthy again. we have to do it.
steel city --from it's burke played a central role in building our nation. the legacy lives in the bridges, and skyscrapers that make up our landscape.rican our workers' loyalty was repaid, you know it better than anybody, with total betrayal. our politicians have aggressively pursued a policy of globalization. moving our jobs, wealth, factories to mexico and overseas . globalization has made the financial elite who donate to politicians very, very wealthy. i used to be one of them. , but i used tot be one. it has left millions of workers with nothing but poverty and
heartache. steel isidized foreign dumped into the markets, threatening our factories, the politicians have proven they do nothing. on thears, they watched sidelines as our jobs vanished and our communities were plunged into depression-level unemployment. many of these areas have never recovered, and never will unless i become president. [applause] mr. trump: then, they will recover fast. our politicians took away from the people there means of making a living and supporting their family. skilled craftsmen and tradespeople, factory workers, have seen the jobs they love shipped thousands and thousands of miles away. then he pennsylvania towns, once
thriving, are in a state of disrepair. this wave of globalization has ourd out totally, totally, middle class. it does not have to be this way. we can turn it around. we can turn it around fast. [applause] but, if we are going change, we will have to reject the campaign of fear and intimidation reading proceed by powerful andorations, dia leaks, political dynasties. the people that rigged the system for their benefit will do and say anything to keep things exactly the way they are. the systemwho rigged are supporting hillary clinton, because they know as long as she is in charge, nothing is going to change.
s will remaine poor. the factories will remain closed. the borders will remain open. the special interests will remain firmly in control. and her friends in global finance want to scare americans into thinking small. they want to scare the american people out of voting for the better future. and you have a great future. these people have given her tens of millions of dollars. my campaign has the absolute opposite message. to amass a much better life for you can believe in the american dream again. right now, you can't do that. [applause]
i want you to imagine how much better our future can be if we declare independence from the elites who led us from one financial and foreign policy disaster to another. our friends in britain recently voted to take back control of their economy, politics, and borders. [applause] i was on the right side of that issue, as you know. with the people. i was there. i said it was going to happen, i felt it. while hillary, as always, stood with the elites. both she and president obama predicted that one, and many others, totally wrong. now, it is time for the american people to take back their future. take it back. [applause] that is the choice
that we face. hillaryither give into clinton's campaign of fear, or we can choose to believe again in america. sadly, we lost our way when we stopped believing in our country. america he came the world's dominant economy by becoming the world's dominant producer. you know that from right here in this plant. [applause] createdp: the wealth is , shared broadly, creating the biggest middle-class the world has ever known. then america changed its policy from promoting development in --rica -- in, in, in america
to promoting development and other nations. that is what is happening. we allowed foreign countries to subsidize their goods. the value their currencies. violate their agreements. cheat in every way imaginable. nothingrcians did about it. trillions of our dollars and millions of our jobs flowed overseas as a result. i visited cities and towns across the country where one third or one half of manufacturing jobs have been wiped out in the last 20-years. billione import $800 more in goods than we export. we cannot continue to do that. this is not some natural disaster, it is a political and politicians made disaster. very simple.
it can be corrected. we can correct it fast when we have people with the right thinking. right up here. it is the consequence -- [applause] it is the consequence class thatship worships globalism over americanism. this is a direct affront to our founding fathers, who wanted this country to be strong. they wanted to be independent, free. [applause] mr. trump: our founding fathers understood trade much better than our current politicians, believe me. [applause] mr. trump: george washington said that the promotion of domestic manufacturing would be
among the first consequences to flow from an energetic government. alexander hamilton spoke frequently of the expediency of encouraging manufacturing in, in , in the united states. [applause] listen to this. the first republican president, "theam lincoln, warned abandonment of the protective policy by the american government will produce want and ruin among our people." better than our current politicians, that is why he was abraham lincoln, i guess. [applause] our original
constitution did not even have an income tax. instead it had tariffs emphasizing taxation of foreign, not domestic, production. today, 240 years after the revolution, we have turned things completely upside down. , regulate, and restrict our companies to death and allow foreign countries that cheat to export their goods to us, tax-free. how stupid is that? how could it happen? how stupid is that? [applause] as a result, we have become more dependent on foreign countries than ever before. times and gentlemen, it is to declare our economic independence once again. that means --
[applause] that means voting for donald trump. [applause] i'll do it. no doubt about it. not even a little doubt. it means reversing 2 of the worst legacies of the clinton-years. america has lost 1/3 of its manufacturing jobs since 1997. has as the country increased the population by 50 million people. at the center of the catastrophe are 2 trade deals pushed by bill and hillary clinton. the north american free trade agreement, or the disaster called nafta. second, china's entry into the world trade organization. nafta was the worst trade deal.
china's entrance into the world trade organization has enabled in theatest job theft history of our country. signedbill clinton who nafta. people don't remember. in 1993. hillary clinton who supported it. that it wreaked after he left office was unbelievable. it was also bill clinton who lobbied for china's disastrous entry into the world trade organization, and hillary clinton who backed that terrible, terrible agreement. as secretary of state, hillary clinton stood by idly while its currency,on added another trillion dollars to the trade deficit, and stole hundreds of billions of dollars
in our intellectual property. [applause] i have been talking about china for many years. you know what? no one listens. they are listening now. that, i can tell you. [applause] mr. trump: the city of pittsburgh and the state of ofnsylvania have lost 1/3 their manufacturing jobs since the clinton's put china into the wto. 50,000 factories across america have shut their doors in that time. factory, because of your great owners, dave and gloria, in.anging they just told me, it is not easy. half of all of our manufacturing and trade
deficits, and goods with the world, is the result of trade with china. it was also hillary clinton, the secretary of state, who showed us into a job-killing deal with south korea as reported by the mayomic
policy institute in . this deal -- trade deficit with south korea and destroyed nearly american jobs. as bernie sanders said, hillary clinton voted for every trade agreement that has cost the workers of this country millions of jobs. [applause] trade reform and the negotiation of great trade deals is the quickest way to bring our jobs back to our country. [applause]
mr. trump: to understand why trade reform creates jobs and it creates a lot of them, we need to understand how all nations grow and prosper. subtractsade deficit directly from our gross domestic product. 2001, a span of over five-decades, our inflation grossted domestic product grew over 5%. since 2000 two, after we fully opened our markets to chinese import, the gdp growth rate has been cut in half. but is this mean for america? not good. for every 1% of gdp growth we failed to generate in any given year, we failed to create over one million jobs. what a waste.
what a sad, sad thing. [applause] american's job creation deficit, due to slower growth since 2002, is well over 20 million jobs. that is just about the number of jobs our country needs right now to put america back to work at decent wages. wages are very low, because there is no competition. they will go up because we're going to thrive as a country. [applause] mr. trump: the transpacific partnership is the greatest danger yet. the tpp, as it is known, would be the death below for -- the death blow for american
manufacturing. it would give the economic leverage to in international corporation i would put the interest of foreign countries above our own. -- that would put the interest above our countries own. it would put cheaters, they are not playing by the rules. they are cheating. it would make it easier for trading competitors to ship cheap subsidized goods into the united states market while allowing foreign countries to continue putting up barriers in front of our exports. export to hard to their countries. they make it difficult. come one other hand -- in, everybody. come on in. that leadership. lower tariffs will leaving in place for and practices that keep american
cars from being sold overseas. that isn't all. throughll enter the tpp the back door at a later date. they are watching, studying, and they are not in it now, but if it is, they will be in it. if it is not, they will pass. the agreement will force american workers to compete directly against workers from vietnam. one of the lowest wage countries on earth. undermineill the tpp our economy, but our independence. the tpp creates a new international coalition that creates decisions the american people are no longer given the right to veto. these commissions are great for hillary's wall street funders who can spend vast amounts of
money to influence the people on the commissions and the outcome. it should be no surprise that hillary clinton, according to bloomberg, took a leading part in drafting the transpacific partnership. please remember that. especially in november. [applause] mr. trump: she praised or pushed the tpp on 45 different occasions. even called it the gold standard . hillary clinton was totally for the tpp just a short while ago. stance, which is totally against, she was shamed into saying she would be against it too. i will tell you, it was the same shame she had recently where she was forced into saying "radical islamic terrorism."
she didn't want to say it, but she was shamed into that one. [applause] doubt that she will immediately approve it if it is put before her. that is guaranteed. guaranteed. she will do this just as she has betrayed american workers. from wall street and throughout her career. her whole career she has betrayed the american worker. she is trying to put on a good front. you again.tray her career and her husband have signed so many disasters. never forget nafta. never forget it, because you know what it has done. i know what it has done. seen theg, i've devastation it left behind. she would make a small token
change, declare the tpp pact fixed, ram it through, and you would suffer. that is why hillary is saying she only has problems with tpp in its current form. that means they will make a two-word change, they will fix it, and she will feel great. she can rush to embrace it again and will at the earliest opportunity. if the media doesn't believe me, i have a challenge for you and hillary. ask hillary if she is willing to withdraw from the tpp her first day in office and unconditionally rule out its passage in any form. [applause] mr. trump: there's no way to fix tpp. we need bilateral trade deals.
we do not need to enter into another massive international agreement that ties us up and binds us down, like tpp does. [applause] mr. trump: a trumpet administration will change our trade policies, quickly. [applause] thank you. here are seven steps i would pursue right away to bring back our jobs. number one. i am going to withdraw the united states from the transpacific partnership, which has not yet been ratified. i am going to appoint the iughest and smartest, and
know them all, trade negotiators to fight on behalf of american workers. [applause] i am going to direct the secretary of commerce to identify every violation of trade agreements a foreign country is currently using to harm you, the american worker. [applause] then interactill all appropriate agencies to use every tool under american and theseational law to end abuses. abuse is the right word. [applause] number four. i will tell our nafta partners that i attend to immediately
renegotiate the terms of that agreement to get a better deal by a lot. not just a little, by a lot for our workers. [applause] don't agreef they to a renegotiation, which they might not because they are so used to having their own way -- not with trump they won't have their own way. [applause] mr. trump: then, i will submit under thecle 2205 nafta agreement that america intends to withdraw from the deal. [applause] mr. trump: number five. i will instruct my treasury secretary to label china a currency manipulator, which should have been done years ago.
country that devalues their currency in order to take unfair advantage of the united states, which is many countries, will be met with sharply. that includes tariffs and taxes. [applause] number six. i am going to instruct the u.s. trade representative to bring china, bothagainst in this country and at the wto. [applause] china's unfair subsidy behavior is prohibited under the terms of its entrance to the wto. i intend to enforce those rules and regulations. i intend to enforce the agreement with all countries -- basically, i intend to
enforce the agreement with all countries, not just china. if china does not stop illegal activities, including the theft of american trade secrets, i will use every lawful -- this is so easy, i love saying this -- i would use every lawful presidential power to remedy trade disputes, including the application of tariffs consistent with section 201 and 301 of the trade act of 1974, and section 232 of the trade expansion act of 1962. when they say trade expansion, they are talking about other countries, not us. there is no expansion. they get the expansion, we get the joblessness. it is not going to happen anymore. [applause]
president reagan deployed similar trade measures when motorcycle and semi conductor imports threatened u.s. industry. i remember. his tariff on japanese .otorcycles was 45% his tariff to shield american semi conductor industry was 100% . that had a big impact. a big impact. hillary clinton and her campaign of fear will try to spread the lie that these actions will start a trade war. you already have a trade war, and we are losing badly. [applause] she has it completely backwards. hillary clinton unleashed a trade war against the american worker when she supported one terrible deal after another. -- nafta, south korea, china
it doesn't matter where she went, the american worker was hurt. you will be hurt worse than before if she becomes president of the united states. that, i can tell you. a trump administration will end the war by getting a fair deal for the american people and the american worker. the era of economic surrender will finally be over. .ou will not the it anymore i cannot guarantee it, because after me they will probably start doing it again. 8t we will have 4 and maybe great productive years. will make sure we never go back. [applause] mr. trump: thank you.
thank you, very much. thank you. thank you very much, everyone. i appreciate it. a new era of prosperity will finally begin. americans will be independent once more. independent once more. doesn't that sound great? [applause] trumpump: under a presidency, the american worker will finally have a president who will protect them and fight for them. [applause] up toump: we will stand trade cheating. cheating. cheaters, that is what they are. cheaters. he will stand up to trade cheats anywhere and everywhere it threatens the american job. [applause] mr. trump: we will make america the best place in the
world to start a business. we will hire workers who will open factories, and we will get rid of these horrible regulations that make it impossible to do business in this country. [applause] mr. trump: this will also include massive tax roof warm to lift the -- massive tax reform to lift the crushing burden on american workers and businesses. we will get rid of all of these rules, problems, and bureaucracy which are destroying absolutely destroy you -- absolutely destroying our job creation capacity. we used to be the best in the world, now we are getting close to the bottom. [applause] mr. trump: many people think these regulations are an even greater impediment than the fact that we are one of the highest taxed nations in the world. we are also going to fully
capture of america's tremendous energy capacity. this will create for our workers , roads for the economy, and reduce budget deficits, which are massive. yearly budget deficits are massive. on trade deficits, we don't want to talk about it. hillary clinton wants to shut down energy production and the mine. saidants to shutdown, she it recently, she wants to shut down the miners. i want to do exactly the opposite. [applause] mr. trump: a trump administration will ensure that we start using american steel for american infrastructure. [applause]
mr. trump: and aluminum. [applause] mr. trump: just like the american steel from pennsylvania that built the empire state , it will be american steel that will fortify america's crumbling bridges. american steel. thatll be american steel sends our skyscrapers soaring into the sky. a beautiful site. more beautiful with american steel. it will be american steel that rebuilds our cities. it will be american hands that remake this country. it will be american energy mined from american resources that powers this country. [applause]
mr. trump: it will be american workers who are hired to do the job. nobody else. american workers. are going to put american steel, and aluminum, back into the backbone of our country. [applause] mr. trump: this alone will jobs. massive numbers of high paying jobs. good jobs. not the jobs we have today, which everyone agrees are bad jobs. we will create massive numbers of good jobs. on trade, immigration, foreign policy, we are going to put america first again. [applause] mr. trump: we are going to make america wealthy again.
we're going to reject hillary clinton's policy of fear and her ,olicy of absolute nonsense because it is not working. it is grossly incompetent, we cannot take it any longer, and we are not going to take it any longer. we are going to embrace the possibilities of change, but real change, not obama change. real change. [applause] mr. trump: it is time to believe in the future. it is time to believe in each other. it is time to believe in america -- in america again. this is how we are going to make america great again for all americans. for all americans.
[applause] mr. trump: we are going to make america great again for everyone . greater than ever before. i promise you, if i become president, we will be working again. we will have great jobs again. you will be proud of your president. proud, proudroud, of our country once again. thank you, very much. i appreciate it. i appreciate it. thank you. thank you, very much. [applause]