Page 4 - Trade Problem News Today

Every important industry, manufacturing, engineering, construction or airnautics or pharmaceuticals. weve lost our edge a bit americans are wondering why arent we growing? i think the reason is, our politicians in washington in both parties arent taking economic competitiveness seriously. hope this report today that china is number two, growing at 11%, per year is a wake-up call to the politicians in washington that we better start to get obsessed ourselves with how do we remain number one? >> g...

Every important industry, manufacturing, engineering, construction or airnautics or pharmaceuticals. weve lost our edge a bit americans are wondering why arent we growing? i think the reason is, our politicians in washington in both parties arent taking economic competitiveness seriously. hope this report today that china is number two, growing at 11%, per year is a wake-up call to the politicians in washington that we better start to get obsessed ourselves with how do we remain number one? >> g...

Balance of trade problem we have. which is a problem. our number one export is oil. ive been an advocate of drilling in the united states. every time we drill a barrel in the united states it is one less we have to get from countries like saudi arabia or venezuela or countries that might not be so kind to the united states. it think it is a national security issue, economic you you. -- issue. you are there in that beautiful state the area they want to drill is a tiny portion of that giant state....

Balance of trade problem we have. which is a problem. our number one export is oil. ive been an advocate of drilling in the united states. every time we drill a barrel in the united states it is one less we have to get from countries like saudi arabia or venezuela or countries that might not be so kind to the united states. it think it is a national security issue, economic you you. -- issue. you are there in that beautiful state the area they want to drill is a tiny portion of that giant state....

And things that have nature as opposed to some of the longer term projects, research projects the president was inclined towards. those are only going to have a temporary effect. by 2011, end of the year, the moneys gone. the president now in the present, today, must address the trade problem. must address the energy problem. and start to move us towards another economy. weve lost 5 million manufacturing jobs over the last ten years. weve lost a wealth of construction jobs. those have to be brou...

Its kind of like a microcosm of the whole trade problem this country faces, but this ship is going to be an important part of the fleet. a sister one is coming next year, but the philly shipyard needs some help and this administration is trying to provide that. >> so that good news comes on the same day that the lead story all across the country is one of general motors warning that if there is another round of tariffs its going to harm investment, jobs and wages. respond to gm. >> so, the histo...

The two simple rules of president trump, buy america and hire american. the two pieces of legislation that govern this are cargo preference and whats called the jones act. basically, if you have a cargo going between two points in the u.s., the u.s. requires that ship to be built, owned and crewed by americans. n then cargo preference provides similar type of catalyst. and this is a great day. the ship is state of the art. environmentally friendly. low cost. what we have, michael, around the wor...

These days is there doesnt seem to be a grasp of how big the problem is, even if we get the stimulus package, its a temporary fix. weve got to address these structural problems. the problems, you know, in the banks, rising cost of health care, up 9% next year. new premium schedules. the trade problem with china. and the ever-growing problem of energy, which, you know, solar energy, electric cars by themselves, important, yes, wont solve the problem. but neither side seems to really grasp, we nee...