about the state of manufacturing with the new initiatives. morning. guest: great to be with you. host: how do you describe who you represent to people? guest: we are unique. we have the united steelworkers union which is north america's largest industrial union and investigation and you are or who have steelworkers in their plants. so, it is a select group. mostly what i think people would call heavy manufacturing. and we have been around for about 16 or 17 years now. host: as far as those who represent, how would you describe the state of the steel industry? guest: stable, ok? not great, not horrible, but stable. you know, in a lot of ways that is good because it had been in freefall for several decades. so, there have been some developments in the economy lately, the infrastructure money. there have been tariffs in place on imported steel since 2018. there has been a fair amount of stability in steel whereas in the decades prior it had been on a pretty downward trajectory. host: how much do tariffs lend to the stability or instability of th

we saw decades of erosion of our manufacturing base in this country. that impacted millions of lives, hundreds of thousands of communities across the country. and it put us in a national security position that is dangerously exposed. and so, again, there is a trade-off. thanks about it like the cold war. we built up the military in part two make sure that the soviet union could not challenge us. and there is a cost of that because there was a with all of this especially when we have all of these relationships and we have been bringing tariffs down over a number of decades. that is a really important question. with china in particular and i will answer it because it is very broad. if you look at the goods that china supplies to us and we buy a lot of it includes christmas and party decorations that also smart and laptops. and you can kind of laughed at the first one because we can source that from anywhere else. truthfully it is not the easiest thing in the world to shift laptop and smartphone production to other locations much less the united states. t

as for the fact that manufacturing and the us economy, the united states remains the second largest manufacturing nation in the world, where our american workers make more per hour than basically every country on the planet. we make more than germany and japan and india combined. the idea that the united states cannot have a thriving services sector, including investment in a.i. and medical research and all these great things, and have a good growing manufacturing sector is just simply not true. you can do both. and quite frankly, at the moment, i wouldn't trade places with germany, japan or china for any amount of money, given where the u.s. economy is today compared to those economies. - okay, president trump has recently announced a new 25% tariff on steel and aluminum imports. jeff, you have argued that trump's first-term steel and aluminum tariffs boosted domestic production. - absolutely. - but others, including the u.s. international trade commission, the federal reserve, have found that other industries that use steel and aluminum faced higher prices and decreased production as a result.

we need manufacturing. i agree we need manufacturing semiconductors and i'm going to do everything i can to make that happen. sen. klobuchar: your life story is incredible. your motivation of your employees. i talked about the commerce department and some of the people that went to work there went for other reasons. your employees are not making as much money, and i personally have worked with people who do trade enforcement for steel dumping, both vice president pence and i care about this a lot. it made a big difference. over two presidents' administrations when this enforcement, president obama, trump, biden actually was continued. i met with who will be your employees if confirmed. i heard about the work they did. how are you going to motivate those employees? i think they are feeling very much under pressure and some of them have expertise that if they leave is going to be hard to hire someone because they are not going to make as much money in the government as they might somewhere else. mr. lutnick:

drum manufacturing companies passed and plans for expansion. the investment banker decides help our friend sell shares in the to raise the $3 million. however, before shares in the corporation can be sold certain, information must be with the securities and exchange commission in washington, the investment banker and owner must swear that the information they filed contains nothing but the truth and the registration with the scc does not imply that the government approves the stock issue as a good investment, but only assures the public that if any of the statements about the stock issue are false punishment will be according to the law. after sec registration is effective, the investment banker pays the owner. $3 million in exchange for a certain number of shares in the oil drum manufacturing, the investment who sell shares of the common to people at a price which returns his $3 million investment and shows a profit for his services in selling the stock money received from the sale of shares in the builds, a new and better plan which produces

manufacturing in arizona. but the d.e.i. requirements that are ongoing, that mandate the workforce that they must have simply cannot be met. so they have faced significant delays in staffing their facility due to a lack of specialized workers in the u.s., particularly those from underrepresented groups. in addition, the d.e.i. requirements also extend beyond workforce composition to include partnerships with minority service institutions and diverse suppliers. in other words, these companies that we want in this country to change the trajectory of the development of semiconductors so we can do it in the united states cannot do it because of the add additional requirements, the layers of bureaucracy replaced on them in the very chips act that was designed to help our country move forward. some of these delays have caused that company as one to go overseas and they are finding, for example, that in japan, they can break ground and complete a facility and can begin producing way before they can do it in the unite

>> five more words. >> greg: manufacturing is sexist says broad. >> i met with a manufacturing company manufacturing. so i asked them how many of those students that are signing up that want to do this how many are women. and you have mentioned trying to engage more women in manufacturing. i'm wondering if the name manufacturing sounds like a guy. >> greg: michele, she is a very old lady. do you think that maybe she should have gained some wisdom over time that man comes from the latin word manus which means hand and... comes from the latin word to make. >> good job you learned it. when she says engaging with young people relative to her that is a lot of people. i am not a just and i would like to respect her but she is showing a lack of wisdom here. i don't understand why so many and really if theirs so many women in congress are always going to say why aren't there more women. why do you oppress women. and... is the best one at this. have you ever asked for unwanted favors from members of the opposite sex the? why does it always come down to this difference in sex. and they say that

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manufacturing. there are some officials in the administration who view this as a matter of national security. like at some point you have to have a steel industry. at some point you have to have, you know, pharmaceuticals, i don't know. there's probably more chips. there's probably more on the list. is that worth the potential cost to consumers? >> well, look, you just have to look at what we went through with the pandemic to understand that that health concerns are a national security issue. i'm here at the energy institute high school in houston, texas, where which is part of our competing to. win tour that we do every single year to highlight the benefits of manufacturing. energy is also a critical national security component. all of those are important. i don't think. >> you have. to necessarily assume. that costs are going. >> to go up if there. >> is. >> an integrated strategy. >> and i'm going. >> to i'm going to go. right back. >> to. >> those tax reforms. that has to. >> be done. >> it has

i manufacture parts, i machine parts that are built from companies, mainly equipment manufacturers using r&d tax policies, r&d money, r&d support to innovate with new product lines. this is what our country is built on his research and development and innovation. rep. moran: it's critical to have that immediate 100% expensing the years those expenses were taken so businesses can innovate and grow, is that right? ms. silver: absolutely. rep. moran: ms. gallagher you talked about the 199 a provision. what do most small businesses do with the money they save from reduced tax rates? ms. gallagher: reinvest it back into their businesses by way of employees, hiring more employees , or buying more equipment or increasing infrastructure for future growth. rep. moran: in your written testimony you talked about how these companies you work with will reinvest and pay for health insurance a lot of times for employees or by new facilities or upgrade equipment and computers, things they need to grow and expand production, all of which creates new jobs, correct? that's what we want, the economy to grow

7 manufacturing and canadian manufacturing and they want to have mexican manufacturing.e united states. thank you so much to christophe of steptoe. law firm. in brussels today ? it's that since brexit. talks will focus on defence and security co—operation. sir keir has ruled out rejoining the eu single market as a "red line". i've been very clear since i became prime minister that i do want a reset of the relationship we had a referendum here on that. and that matter is settled. but i do want to see a close relationship and i do believe it is in the eu's best interest, there has been a manifest difference in approach and tone the relationship with the european union and energy is an interesting one. there's been an ongoing long term discussion but also for exporters, to the european union, who might be hit by its carbon border about it publicly. so i think, you know, there's a relative degree of optimism, but obviously there's other things going on in the world that will also have an impact. he's going to push limits. problems, but it's also going to get certain things d

it's about american manufacturing. if confirmed, how will you use your position to protect the investments and thousands of jobs, jobs that foreign car companies have brought to georgia? mr. greer: my role and my jurisdiction in the administration is to negotiate trade deals where appropriate and do trade enforcement as necessary which is certainly an area where i want to make sure any manufacturing you have doesn't have to compete unfairly with foreign product. with respect to other incentives or other legislation, that is something that i believe the treasury department and the energy department, the president and congress will determine the path forward. sen. warnock: would you agree that if we see that space, that it is not a net positive result for american businesses? mr. greer: we need to have advance manufacturing in the united states as much as possible whether it is traditional or electric vehicles or solar panels. sen. warnock: so items around clean energy should not stop us from doing what is necessary. mr.

global innovation and manufacturing dominance.n attract companies like divergent to create american military advantage. first we have to be very clear. turning a software advantage into a hardware advantage. we must foster competition for digital and ai driven design and production system so america can build. we must scale innovation successes. it is not clear that we have the structure to scale this to success. we need to build a civil reserve manufacturing network. there are billions of weapons every year solely for war. these factories sees -- can ensure that we can fight tonight. they can produce commercial goods in ways that walter -- bolster competition and saves billions of dollars for the taxpayer. this is literally defining civilization. societies uses process to turn ideas into hardware. this will appropriately communicate the emergency situation we are in in america today as our eroded capacity to turn ideas into hardware is creating a national crisis. we had this effort in world war ii. it is time to do that again. i

1e us, probably beyond that because som have manufacturing in us, who have manufacturing in canada,cessarily bring all that manufacturing home in the short manufacturing home in the she - term? no, they will not. they have made — term? no, they will not. they have made strategic- term? no, they will not. they have made strategic decisions a-reements made with 7777and 7 and can7ada 7 and can7ada and 7 and can7ada and america mexico and canada and america in the tripod agreement. this z -= directly 77 so means some major strategic iii companies are decisions if companies are going to reverse it to be reluctant to do because it is a 7 7because it is a big becaust particular 7 7becaust particular at a when you have car goian 77777 going through manofacturing goihg throogh a major change at the “e'l�* e "a“ 5�*535se et the with electrification moment with eiectrification and �*such issues. it mm other such issues. it will keep us awake _ other such issues. it will keep us awake for _ other such issues. it will keep us awake for - time. - other such issues. it will keep | us awake for - t

a manufacturing you manufacturing of ag in i.t. lead to robust growth so i think when you talk about supply-chain think that's really important.ai historically we have often approached trade policy sometimes on a project by project basis. you have a producer to get a trade product and that's important but we need to be thinking about in terms of supply chain particularly a strategic one in many cases we have trade policies and other policies that incentivize production in the u.s. so he can have a secure source and at the same time there will be instances where comes from us or where we want to create incentives to bring in these kinds of things when we have two from countries that agree with us on things that matter the most in countries that abide by the rule of law. i'm a little skeptical because a lot of countries even though they are our allies have their own unfair treatment practices and things that undermine free and fair trade and i want to deal with that. >> has joined senator hassan mentioned to you about small business.

manufacturers responded to that.o steve's point, you know, that certainty that was provided by a negotiated and accepted trade agreement by the three countries enabled manufacturers to make investment decisions. those decisions have been implemented, and now we have more uncertainty about what's ahead. we were pretty pleased with the outcome of usmca. in fact, we supported it greatly during, you know, during the negotiation phase and the and the final implementation. so i agree with steve. it seems to be a it's a little unusual that we would come after our two closest trading partners and also our closest allies, both geographically and from a national security perspective. but we assume that there is a rationale for this. my biggest concern, frank, to be honest with you, is what happens to small manufacturers. they don't have the flexibility. they don't have the access to capital to make rapid decisions that that are going to be required. as as trade flows are affected by by these tariff increases. >> you know, to y

i don't have a great sense of the manufacturers of these equipment would have a better sense. but my best, most aggressive estimate is about two years hence. and that's not from right now, that's from when the funding's in place, the purchase orders are put down. so give or take we're talking a two-year timeline. of course even if we were able to create a domestic manufacturing program, would take years and years and years to replace all of these key equipments at the ports so they can start rolling off the line in a couple of years, but replace the hundreds of crane that are across the country would take many years which is why we stand by the fact that in the near term, using the equipment that we're using now is the right way to go, while also pursuing reshoring. mr. turner: because most of these types of crane that are needed in the houston ship channel, as we widen and deepen the port, are made in china. we all agree that we need to make significant investments here to reduce our national security risks. mr. davis: agree completely, congressman. we support the ability of

we don't necessarily design with many manufacturability in mind. the more we can continue to design the manufacturability, the faster you can continue to ramp up the production of any program. >> i agree with everything that my teammates said. i come at this problem from a couple of different -- i've been at the department for 18 months. before that 13 years at apple. it's all about disruption and scale. also in the military for about part-time at least for 28 years and a lot of my career back and forth throughout asian and the first thing i said, i want to underscore, we simply cannot meet the strategic comparative force, we have been talking in the last couple of days unless we are able to fully leverage power of tech sector. and, you know, we are now focused on felt pretty amazing to see the collection of folks from the tech sector who are here now and -- and build on the -- the experiences that we have and with commercially dry tech to now doing it with the focus, speed and scale that we need order to deliver, so i think, you know, as i think b

about the state of manufacturing with the new initiatives.ning. guest: great to be with you. host: how do you describe who you represent to people? guest: we are unique. we have the united steelworkers union which is north america's largest industrial union and investigation and you are or who have steelworkers in their plants. so, it is a select group. mostly what i think people would call heavy manufacturing. and we have been around for about 16 or 17 years now. host: as far as those who represent, how would you describe the state of the steel industry? guest: stable, ok? not great, not horrible, but stable. you know, in a lot of ways that is good because it had been in freefall for several decades. so, there have been some developments in the economy lately, the infrastructure money. there have been tariffs in place on imported steel since 2018. there has been a fair amount of stability in steel whereas in the decades prior it had been on a pretty downward trajectory. host: how much do tariffs lend to the stability or instability of the st

trump once the manufacturers.anufacturers. trump once the in america, i kir you make, , 7 7 manufacturers. trump once the in america, i kir you can'te, 7 7 7 set up a plant in setup a plant in a just set apa plant in a few and he is talking about months. and he is talking about coming in at tariffs coming in at the beginning of just a few beginning of april, just a few weeks away. we have already us, . us, because 7 us, because are seen us, because they are also effective, making cars and german overseas. and german the share _7 been quite weak. =-—:= =-—= i think7 is tricky for what i think is tricky for trump is that the currencies are also so trump is that the currencies are ai complicated so trump is that the currencies are ai complicated deals are more complicated deals are done, compromise on one sector for a better deal on another sector? , ~' ., sector? yes, i think, though, it is sector? yes, i think, though, it is quite _ sector? yes, i think, though, it is quite hard _ sector? yes, i think, though, it i

how does it affect the way companies physically manufacture products.s at the very heart of that rockwell automation the world's largest company dedicated to industrial automation and robotics in it uses a.i. to help customers streamline task work more efficiently and turn out product. the stock is soaring up 13 it at their present after the company posted a beat top and bottom line for first-quarter earnings rockwell posted earnings-per-share of the dollar .83 at well ahead of $1.50 1.88 billion in revenue that was in line with expectations but joining us with the fox business exclusive rockwell ceo, great to have you back on the show your industry has changed markedly because the recent investment that you made in a.i. i know earlier you mentioned your the implemented price changes because of the tariffs on china let's start with china first we are expecting at some point today president trump will make an announcement on imported steel and terrorists being slapped on that. what price changes have you made it are you bracing for more? >> we implemente

in my book i show how he has an algorithm —7 he can manufacture a million so he can manufacture a millionay safety board �* the 77 �* the othef 7 7 �* the othef regulatory7 he gets to 7 he gets to b7arrel agencies, he gets to barrel forward. i think people are valuing the company, partly as a tax it is that a tax stock, it is stock that will ai, robotics and drivin- cars. 7777— 7_ w 7 �*dri man in7the world avoid big conflicts of interest hi7s ' 7 his business empire to from his business empire to heading up in charge of cutting spending? l government spending? no, i don't - that. _ government spending? no, i don't - that, if _ government spending? no, i don't - that, if. had i don't think that, if you had to list trades that elon musk list the trades that elon musk has, accepted limits would not be in the 10,000. is be in the top 10,000. he is going push limits, he is going to push limits, he is going to push limits, he is going to push limits, he is going to break limits, and it is going to cause some problems, but it is is also going to get some gains to set ffnnf things aanae had been

manufacturing is a tool to enable you to do things. the capabilities we have with advanced manufacturing tools mean it changes the way you think about design, because you can make things that are very different from what you can conceive about with old tools. we are sort of seeing the whole process become much more iterative as we learn the capabilities and the power of these new tools, and things like on machine inspection and control, and design optimization tools that allow us to iterate through many variations of the new part. in our modernization programs that we are pursuing now, so we are the design agent for 80-4 and 87-1 mod, we are inserting new technologies because we have this capability to change the way we have thought about these designs to make them more manufacturing, more sustainable, easier to maintain through the life of that system. mr. mason: i think we have gone through -- i will say we have gone through a phase transition. there was a long time where really build into the way we were thinking about things was, c

the company prism, a cable manufacturing company, was supposed to build a $300 million manufacturing plant in somerset at brayton point. they had negotiated all the permits. they had signed all the deals, and they walked away after donald trump took office because they could not deal with the uncertainty that he had engendered. now, ms. eversole i know that api has actually worked on offshore issues with the offshore wind industry, and i must ask you, well, this moratorium itself is not problematic for you and your constituency. do you think it's a good press a tent that a new chief executive -- a good precedent that a new chief executive can walk in? and based off an eo drafted by one member of congress who hates offshore wind, do you think it's a good precedent that one new chief executive can come in and target a specific industry with a moratorium? given what you've said about the need for rule of law and certainty, and investment? ms. eversole: congressman thank , you for your question. i think this is the perfect example where we see that policy has real consequences. our indus