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[cheers and applause] [crowd chanting "usa"] pres. trump: thank you very much. what a group of people. we love this group. you voted for me, they never had a chance in pennsylvania, they never had a chance. but i'm thrilled to be back in this beautiful commonwealth at the legendary mann valley works urban plant. urban plant. the proud pennsylvania patriots who are the heart and soul of u.s. steel. thank you so much, that's great.

oh, you're going to be happy. you are going to be happy. there's a lot of money coming your way. there's a lot of money. you're going to say, "please, sir we don't, want this kind of success. please, we beg you, we don't want this much success." but we do, don't we? we are going to be so successful, we have just started, you watch. we are here today to celebrate a blockbuster agreement that will ensure a storied american company stays in american company. you are going to state an american company, you know that, right? we have a great partner, and i have to tell you, japan has been a tremendous friend of mine during my years as president, and then we had a little hiatus, we had a rigged election, but then we won and said let's make it too big to rig, and they made it too big to rig.

god was looking down on us all for a lot of reasons, including right there -- a lot of reasons. we were blessed. you are going to be blessed, you're going to see that. it will keep its headquarters in the great city of pittsburgh, pennsylvania, where it belongs. [cheers and applause] for generations the name united states steel was synonymous with greatness and it will a gain be synonymous with greatness can that is what it is going to be. the best and strongest steel on earth will forever be made in america and made in pennsylvania. [cheers and applause] and i want to think i'm a nice all right a right at the beginning of this whole thing -- thank a man i saw a right at the beginning of this whole thing, u.s. steel president dave barrett. dave, thank you very much,

wherever you may be. thank you, dave. [applause] and he came to the white house and said, "sir, we are in trouble, we need help." he was put there to save the company, right? i remember it so well like it was yesterday. they hired him to save the company. he came up and said, "we need help, sir. what can we do?" because all the steel companies were going south. he said if you can put in tariffs, you can save this company. i studied it up real quick, it took about two minutes, and i said, "dave, we are going to make you very happy." we saved the company. we put 25% tariffs on your company so you have protection. we were protected from outside horrible influence including dumping, where there were dumping steel all over the united states. we saved it, it was a great honor, and dave is the first one

that brought it to my attention, and i appreciate it, dave. you did a good job. you did a good job. more than saved the company, he made the company great. this will be a great company in a very short period of time. also the vice chairman of nippon steel. takahiro, thank you very much. [cheers and applause] great guy, highly respected. he is highly respected all over the will for what he has done with the steel.- this is going to be his pet project. thank you, takahiro, appreciate it. we are pleased to be joined by a man who has done a central -- central casting, treasury secretary scott bessent. where is scott? central casting! heh heh. thanks, scott. we had a good report today, i don't know if you saw -- the numbers were through the roof

and there was no inflation. they said trump is right again. we are taking in billions and billions of dollars in tariffs and other things, and we are keeping our competitive nation -- they are competitors. we are keeping them totally at bay. we might now have the hottest nation anywhere in the world, and six month ago we had a nation that was dying. we had a nation that was cold as ice. and now we have the hottest, most talked about nation anywhere in the world. [cheers and applause] anywhere. good job, scott. also, secretary of labor lori chavez-deremer. lori, thank you very much. highly recommended by the teamsters and a couple of others. i have to tell you, i said i'll take that. she's been fantastic. we have some incredible congressmen and women.

mike kelly. mike? he's wearing a shirt today. if it is cold he doesn't wear a shirt. dan meuser, who i hear is going to be may be maybe running for governor, that's what i hear. i hear there was a rumor about that. there's a rumor about that. another man -- good luck with that, dan, i tell you. if that's your decision, you've got my support. you know that, right? if you run, you've got my support. he's been a great congressman, he's been a great congressman, and if you run, you will have my support totally, and you will win. the people are going to get it real fast. thank you so much. good luck. guy reschenthaler, was a fantastic person with a very good friend of mine today, and i appreciate you coming together. guy, thank you very much. what a job you have done, from the beginning, right? we've never had a problem from

day one, you and i. mike really good you know might -- mike ruhle. you know mike? great job you're doing. another friend of mine, a great hockey player, pete stauber. what a great hockey player. he was the real deal. he will even admit it could he's going to admit it. pennsylvania senate president pro tem cam ward -- kim ward. [cheers and applause] good job, kim. thank you. a woman who is an incredible writer can actually she understands what they call the rust belt we won't call this section the rust belt anymore. it will be a golden belt, golden dome, part of a golden dome we are building to save everybody's lives. but this is a woman who is really fantastic. she's a brilliant writer. she got signed up by of all

groups "the washington post," that's big time. salena ztio. where is salena? she understands you people and me better than we do, and she got it right from the beginning with trump. she said early on he is going to win. people said he is only doing this for fun. she said no, he is going to win. i wouldn't say it is fun, but we are making big progress. you have a couple people here i wanted to introduce, because being a guy that is watched a lot of football, this man had tremendous courage, he had a lot of grit. everybody knows he wasn't the largest person on the field at all, but he was in many ways the most courageous, rocky bleier. come up here, rocky. come up here.

come up here, rocky. such a great heart. come on up here, rocky. wow. and two other people i want to bring up, because i'm a fan of your steelers, and i happen to think a really good quarterback is a man named mason rudolph. i think he is going to get a big shot. he is tall, he is handsome, got a great arm. i have a feeling he is going to be the mason rudolph, come up here. and also his safety, and absolute killer, miles killebrew. come on up here, miles. come on up here, fellas. >> mr. president, on behalf of

u.s. steel and to the people of pittsburgh, more importantly, though, to all the steeler fans that are here this evening -- [cheers and applause] i have the honor of making you an honorary pittsburgh steeler, and would like to present to you your jersey -- [cheers and applause] with the number 47 as the 47th president of the united states, a number that hangs in the national football league hall of fame. i'd like to present this to a hall of fame president. please accept it. pres. trump: come on, say

something. >> listen, i'm honored to be here with a great steeler legend like rocky bleier, somebody who fight for our country in vietnam and came back and played great football with the black and gold. awesome to be here as part of this big investment in pittsburgh. go steelers. [applause] >> how about thies of hours, h-- of ours, huh? [cheers and applause] i just wanted to say god bless you, president trump, and god bless you, pittsburgh. [applause] pres. trump: thank you very much, everybody. it's a great group of people. and he did have a lot of courage. not that big -- rocky, i have you update here. but boy, does he have a heart. it's all about the heart.

also, senator dave mccormick, who had a great election victory, and he sends his regards. he is trying to get a certain bill through that is going to give you the largest tax cuts in history, and we got to get it done. thank you to dave. he's been great. perhaps most importantly, let me think the tough, hard-working members of the united states steel workers local 2227 and united states steel workers local 1219 and the united states steel workers local 1557. you people are amazing, and look what you've been able to do. look what you've been able to do. this is a big deal today. this is a big deal. i have to tell you about nippon, they kept asking me overcome and i keep rejecting it, no way, no way. after about four times, i said, you know, these people really

want to do a great thing. they really want it and they are putting up a billions of dollars and they are going to do this plant and other plants. it's great, and you're going to have control, you are going to maintain control. and nobody would put up money like that. every time -- dave, i think you will say, every time they came in the deal got better and better for the workers come because i didn't give a damn about anybody else, to tell you the truth. i have no doubt that nippon anna dave and everybody else were all working together -- i've going to be in washington, i'm going to be watching over it. it's going to be great. this unbelievable spirit for what you are doing -- and telling you, you are going to find out that the great people of japan, and we love them, you know, shinzo abe was my friend, he was a great prime minister of japan, and unfortunately he's no longer with us, you know what

happened with shinzo, but he was a great friend of mine, an amazing man, and it's an amazing country, and you will have a tremendous relationship. so thank you very much. we very much appreciate it. [applause] very much appreciate it. for more than 124 years the men and women of u.s. to have poured the molten metal and forged the tempered beams that build america's railroads, bridged mighty rivers, and raised of towering skyscrapers like the ones we have in new york. 100 stories high, and much higher than that. the city of pittsburgh used to produce more steel than most entire countries could produce, and it wasn't even close. what are -- and our steelworkers know better than anyone, decades of washington betrayals and incompetence and stupidity and corruption cost this region over 100 and the thousand --over 100,000 steel

jobs and they melted away just like butter melts away. between the year 2000 and 2016, more than half of all the jobs in pittsburgh's iron and steel mills were obliterated, they were just absolutely taken away, just taken away like you take away candy from a baby. when i came into office 8 years ago i proclaimed a simple but crucially important principle, if you don't have steel, you don't have a country. you don't have a country. you can't make a military. what are we going to do? let's go to china and get our steel for the army tanks and boats and ships. a strong steel industry is not just a matter of dignity and prosperity and pride, it is above all a matter of national security. [applause] you are going to see some amazing things here. that's why i fight for the american steelworker like no president has ever fought before.

that is why i won euros like no president has ever won-- won y our votes like no president has ever won before. i think before i opened my mouth, because even as a private citizen i used to fight and say why are you letting these other companies steel your jobs? why are you letting that happen not only here, but all over the country? in 2018i impose historic tariffs on foreign steel, and the results were amazing. you wouldn't have this plant right now if i didn't put on 25 and 50% tariffs. they were dumping steel from china and all over the world, they were dumping it all over our country, dumping it, and it was bad steel, it was garbage. what he was a steal and it was cheap as hell. and it was terrible thing. i don't think dave had a steel mill open in the country if we didn't do the tariffs. and it was just in time, it was

just-in-time -- they were closing up as fast as you could count in a few short years, domestic production surge from more than 10 million ports from foreign competitors dropped 24%, almost immediately, and more than $15 billion of investment poured into american steel throughout the united states, all because you had a president who stood up for our steelworkers and put america first. i'm very proud of that one. [cheers and applause] stood up for everyone else. but then came four calamitous years of a president who obviously wasn't doing the job. i'm trying to be nice. but what he did to this country is a disgrace, between the borders, millions and millions of peoples pouring through our borders from all countries all over the world. they came from the jails of the congo.

they came from all over south america, prisons, gangs, drug dealers, drug emergence. they came from mental institutions, the mentally insane, they were pouring into our country by the millions. they allow this to happen to our country. but we are moving them out, we are moving them advanced, we are bringing them back to where they came from. we are having a lot of problems with the liberal judges and courts, the radical left crazy judges that -- they come in without courts, they pour into our country totally unvetted and unchecked. nobody checked them, nobody had any idea who they were. 11,888 of them were murderers. 50% of those over 11,000 people that were murderers, 50% murdered more than one person. and these people were allowed to come into our country by the democrats. you can never forget what they have done.

we have beaten inflation -- look at the numbers that came out. everything is good. first time ever, right track, wrong track, we are on the right track, first time in 28 years. but they allowed that to happen. i billed almost 700 miles of wall. if we didn't have the wall, we could have never done what we did. over 700 miles. but still we came because they didn't want to finish, they didn't want to close up any gap, the gaps we had to keep so we could get our equipment out. they didn't want to put up the final stages. it would have taken three weeks to put up the final stages wasn't they said no, we don't want the wall built, and i thought they were getting, but they weren't. what they let into our country can never be forgotten. the last administration granted tens of thousands of job killing tariff exemptions to your foreign competitors. they were afraid to take down

the tariffs that i imposed because it was so good for our country, so much money. but what they did you just what they did do, they gave exemptions. it was so broad and so deep, and i guess you saw that. the exemptions they gave allowed foreign competitors to come in and steal our industry, steal our jobs and bring them back home, bring them home by the boatload, crippling imports of foreign steel skyrocketed over the last four years like you have never seen before, by over 30%. that's an incredible, crazy number, and imports of steel and rebar from mexico exploded by more than 1000%. we were getting our steel from mexico. we were getting our steel from canada. we were getting our steal from every place but right here. it was then that we announced the crown jewel of our steel

industry, u.s. steel, was being sold into foreign hands with no protections for our great steelworkers, and i said there's no way we are going to let that happen. i was watching over you. you don't even know it. i was watching over you. best people. you're the best people. you built this country. you know, you people built this country. you people and others like you built this country. by the time i came into office, many feared that the bond value would lose up to 350 steel jobs, that u.s. steel would close. it was a fixture of the pittsburgh skyline. it may never live for another week. we at times thought we were going to live -- you weren't living for another week, but i promised the people of western pennsylvania that i would never, ever let that happen, and as president, i kept that promise. boy, did i keep that promise.

so, soon after initially taking office, i impose powerful putting 5% tariffs on all foreign steel and ended each and every one of the biden exceptions and exclusions, and today, i have a major announcement, and are you ready to hear this? this is on behalf of of scott, secretary of treasury, howard lechner, sec. of commerce, and all of the great geniuses and people we have working and they are smart, but i don't think you would be a great steelworker, scott, i'm sorry. you would have to put a little more muscle tone into that guy, but he is great. he's great at what he does. we are going to be imposing a 25% increase. we are going to bring it from 25% to 50%, the tariffs on steel into the united states of america, which will even further secure the steel industry in the

united states. nobody is going to get around that, so we are bringing it up from 25%, we are doubling it to 50%, and that's a loophole, and by the way, i have to tell you, i believe that this group of people that just made these investments right now are very happy because that means nobody will be able to steal your industry. at 25%, they can sort of get over that fence. at 50%, they can no longer get over the fence, so congratulations to everybody, and to you, for making a great deal. you just made a better deal, right? i sent to the group, would you rather have a 40% increase? i was thinking about 40% when i came. i said, would you rather have a 40% or 50%? they said, we'll take 50. i said, i had a feeling you were

going to say that, so congratulations. also, congratulations to dave because you got this whole thing started. congratulations, great job. the people here understand the word tariff, and you understand it people -- you understand it better than the people on wall street. in other people on wall street are finding out. they are saying, wow, trump was right. you saw today that had an announcer, and they were saying, you know, trump was right. look at these numbers. the numbers got released today at 8:00 in the morning, and it showed no inflation and tremendous income jumps for workers and for the people of our country, and they go, wow, he was right. he was right, but you knew that before wall street. the workers knew that. we don't want america's future to be built with shoddy steel.

billions of dollars of new equipment they will be investing right here. billions and billions of dollars. since i impose our steel tariffs, and i said that tariff to me is the most beautiful were in the dictionary. i love the word so much. i have always loved it. for 40 years i've loved it. for 40 years, i did not understand why people were not in this country using tariffs. they use tariffs to kill us. they use tariffs to take our businesses, and we never knew how to use tariffs back because we had people in the white house that either did not care or were not very smart or both, and it really starts with the white house. it's very simple. it starts with the white house, but i said it's my favorite word in the dictionary, the word

tariff, and i got slaughtered in the fake news. i got killed. they said, what about love? what about wife and family? what about god, they said. so they made the word tariff be my fourth favorite word, and now i have no complications. it's my fourth favorite word. god, wife, family, all of the different things, but they did -- it's not even believable. i said tariffs is my favorite word, and i got slaughtered by these people, but we have had a lot of fun. we have jousted for a long time with the fake news, but companies all over the world have announced nearly $10 billion in new investments in steel, just into steel alone, but the nippon investment we are announcing today blows them all away with the record-setting -- this was just heard of, just came out a little while ago.

$14 billion commitment to the future of this company. that is the single largest investment -- that's the single largest investment of any kind in any industry, so not only steel, go all the way back, you go into fracking, go into anything you want to go into because you are a good fracking state, too. we love fracking, by the way, but think of this -- they largest investment of any kind in the history of the commonwealth of pennsylvania, and we also will be the largest investment in the history of the american steel industry. there has never been a $14 billion investment in the history of the steel industry in the history of the united states of america. and pittsburgh will very soon be respected around the world as the steel city again, so i want

to congratulate you. i want to congratulate you. as part of this monumental commitment, nippon will also invest 2.2 billion dollars, specifically allocated to mann valley, along with 200 million dollars with the advanced technology and research and development center that is being built already in pennsylvania, so i want to congratulate you, and in addition, another $7 billion to modernize steel mills, expand or minds, and build state-of-the-art facilities in indiana, minnesota, alabama, and arkansas, so i want to thank you, and congratulations to those states. congratulations. and the bulk of these expenditures will be made in the next 14 months. it's going to happen fast. you're going to be very busy watching trucks go back and

forth loaded up with cash. or its equivalent. and it will create and save over 100,000 american jobs, including 14,000 jobs in pennsylvania. thank you. very good. and by the way, your local union -- i won't talk about your national union because i don't think he knows what the hell he is talking about, but your local union, i want to tell you, is so unbelievable. they have been great. i have to tell you that. this is an incredible deal for american steel workers and includes vital protections to ensure that all steelworkers will keep their jobs at all facilities in the united states, will remain open and thriving. u.s. steel will maintain --

>> usa! usa! usa! >> i don't want to fight with those guys. they look pretty rough. i will never fight them. u.s. steel will maintain all of its current operating blast furnaces at full capacity for a minimum of the next 10 years. we have that as a commitment, but i don't even think you have to worry about that. you are not going to have to think about that. frankly, it won't matter because they are going to be her for a long time. there will be no layoffs and no outsourcing whatsoever and every u.s. steel worker will soon receive a well-deserved $5,000 bonus. that spurred you. thank you very much. that's great. that is important. for what you have gone through, you have gone through a lot. it's closing, it's not closing,

its opening, and you want to stay here. people say we will move to another place and do something like chips. somehow you don't want to do chips. i'm looking at these giant guys with giant arms. you are not going to like doing chips. most importantly, u.s. steel will continue to be controlled by the usa. otherwise i would not have done the deal, i would not have done it. but the usa. we will be working together. you are going to be looking at your board, have a great board, and we will have an amazing alliance. in this audience are many of the incredible workers who will be bringing our steel industry roaring back to life, and it's going to roar, including a man who has supported me from the very beginning. the founder of steelworkers for trump in this area. i have some of these guys, they are great. i had somebody in michigan that was so great. i love that guy and i love this guy. he has been with me from the very beginning.

brian, come up here. come up here, brian. ryan has been with us from the beginning. look at him, big guy. >> it's a great day to be an american steel worker. it's an honor to be on the stage with my hero, and the greatest president ever, donald j. trump. hello. i am a third-generation steelworker and the president and founder of steelworkers for trump. the attempted assassination of then president donald j. trump

caused me to establish steelworkers for trump. our members now exist at 2.5 k. in my opinion, president trump has demonstrated remarkable support of the american steel industry, surpassing the collective efforts of all other presidents combined. through tariffs, he has fought to keep steel being made in america rather than being dumped onto us by china. through this deal, he has fought to keep us billions of dollars in investments to secure jobs for generations to come. thank you, president trump, for your commitment to revitalizing the american steel industry and restoring its greatness and in making american steel great

again. >> thank you, brian. great guy, and he was with me right from the beginning, i think, right from day one, and i appreciate it. we won't forget it, either. let me also bring up real fast you guys that i met backstage that i was impressed with. jack, jason, scott, donald, and kirk. come on up here, fellas. these guys are great. come on. they are happy people. say a couple of words. go ahead. >> thank you, mr. president. i'm not prepared, but i can tell you i would rather be nowhere than where i am today with all of my u.s. steel family and

friends that i love. thank you very much. >> we did it. i want to thank everyone for coming. today is a great day. for those of you who do not know me, my name is jason. the former president and current vice president of local 227 and i have worked at this great plant for 28 years. i'm a third generation steelworker working for u.s. steel, and, by the way, i am dan -- i am damn proud of that. when we decided to stand up for the men and women of the long valley, we knew it would not be easy. almost every day, there were

obstacles in our way. at any point, we could have chosen to give up, but we are steelworkers, and giving up just is not something we do. these investments will ensure steel will be made right here in pittsburgh for years to come, and i want to take this time to thank a lot of people that were crucial to getting this partnership to the finish line. first and foremost, i want to thank god for giving me the strength, courage, and wisdom to fight day after day. i want to thank my family for their support. they were always patient with me when i would be constantly on the phone night after night discussing this partnership, talking to politicians or using the mind of a union member. i want to thank jack meskill. we have been together from the

beginning of this. from the many meetings together, d.c. trips that were nothing but business to just brainstorming daily, thank you, my brother. there's no one i would have rather gone to this fight with. we did it, and i told you how bad i hate to lose, and we won, brother. to the guys from clairton and et that fought side-by-side with us from the beginning, it was an honor and i will never forget our journey. i want to thank the local mayors who have stood toe to toe with us from the beginning. we greatly appreciate it. mayor kelly, thank you, and thank you for your friendship, sir. i want to thank my union brothers and sisters for believing in us and trusting us to get this done.

my campaign slogan when i ran for office was i will fight for you. i hope that i have proven that to you. it was my honor. thank you. from the wonderful articles you wrote to social media posts and everything you have done behind-the-scenes, you are a rockstar. thank you. senator ward, thank you for fighting for us as hard as you did. you are one feisty lady, and i say that with the utmost respect , and we appreciate it. the state of pennsylvania and your constituents are so proud to have you represent us. thank you. chris hall, just a small town guy that made it out and wanted

to give back to his community. thank you for your words of wisdom and unwavering support for your community. you did a good thing. congressman, you took our meeting in d.c. personally and never wavered after that meeting. you fought for us in public, and that means the world of us. we will never forget your support and you can count on ours as well. thank you. i love this guy. thank you for taking the time to listen to our concerns and always making us -- making yourself available to answer all our questions. this man has been disrespected and did not deserve that. i feel horrible that that happened to you. we will do everything in our power to see that never happens again. you have my word. these investments are life-changing for all the men and women today and for our communities. i personally look forward to

working with you for years to come. thank you. i want to thank the men of new york and d.c. that call me every day -- every day. they gave me breaking news, advice, and guidance for this process. you might have been behind-the-scenes, but you definitely had a hand in getting this partnership to the finish line. paul, curtis, chris, thank you. u.s. senator dave mccormick -- i met the senator at a trump rally before we were both getting ready to speak. he introduced himself to me and asked about the nippon merger and what i thought about it. as you know, i am pretty passionate about it and let him know that. he told me, after i win, you will be my first meeting. i was his first meeting. he kept his promise. he asked all the tough questions

during the meeting, and he gathered the facts. we met again last week to touch base. he took it from there. without his help, this partnership does not get done. thank you, senator, from the bottom of my heart. and last but not least, president trump. what can i say? i never doubted you would be there for us when we needed you. we decided to take a stand for what we believed was right. that was to come out publicly and boldly in support of you. although we are not public speakers, we talked our fears aside and did what any proud american would do. we thank you every day for risking your life and laying it all on the line for this country. i knew you would not let us down, and for that, i will be forever grateful. from every steelworker that

supports you and every family you safe, i want to say thank you, mr. president, for making u.s. steel great again. god bless america. god bless u.s. steel. thank you. >> i am the plant manager for this urban works here. i had 35 years with u.s. steel. i'm a first generation u.s. steelworker. it is an honor to host you, mr. president, here today, and let me tell you, it was a lot of work, but it was well worth it. i would always tell people that it is for the workers throughout this floor, it is for our families that are out here who support us, it is for the community members and our community and our state and our country, and i thank you from the bottom of my heart.

>> good afternoon. i would like to just tell mr. president, the day i started at u.s., my supervisor at the blast furnace told me, kid, what are you doing here? do you think this mill will be here? look at homestead. look at duquesne. they are not here. you are wasting your time. i can stand here years later and think about our children, our grandchildren, our great grandchildren that are going to have family-sustaining, good-paying jobs, all becauset . thank you, president trump. thank you.

>> [indiscernible] >> thank. [cheers and applause] >> great people. these are great people. i mean, i just saw them -- i think this is not her 156 rally. i don't know what the hell their husbands are doing, but they come from north carolina, the beautiful women of north carolina, they are over here and i just want to thank them very much for being here with us. it has been unbelievable. this is 126 or something like that. and, you know, they are happily married from what i understand, but i tell you what, that must be a little bit of a strain on

the relationship. they have followed me all over the world for nine years now. they go to so many rallies and we -- it's called love and there is so much love in this room, it is incredible. the men and women here today, they work every day to keep america powerful and strong, and for decades, you watched as one globalist politician after the next sold you out and sent your dreams to china and to many other foreign countries, but now you finally have a president who is working for you and fighting for you, and we will be watching over you. this is going to be so successful. you are going to be so proud of this. this is going to be a very big day. i hope it will be one of the biggest days in your life. i don't want it to be the biggest. you know, you got married, had children. i guess we have to give that to them. but this will be one of the biggest days in your life. i feel that sincerely. i have such confidence in this group of people. since my election, we have

created nearly 500,000 new jobs, including 10,000 manufacturing jobs, and those numbers are going through the roof. we are going to have close to $11 trillion invested in new investments in the united states, and you can look at other years. there has never been anything like that. by the way, that is essentially in two months. not four months because it took me a little time to get acclimated, but over the last two, two and a half months, we are over $11 trillion is going to be coming. apple is spending 500 million dollars to invest in america, not in china. nvidia, $500 billion. tsmc -- if you look at this one, tsmc, and this is a company, the biggest in the world for chips. 200 billion dollars at least. amazon, $4 billion. johnson & johnson, $55 billion. merck, stellantis, general

motors are putting in billions and billions of dollars. we have it all done. it's going to be all with very little inflation. in fact, it was 2.1% in april, way down. you went through inflation that was probably the greatest inflation in the history of our country over the last four years, and now we have it down to around 2%. grocery prices are down. mortgage rates are down. energy prices are down, and gasoline prices over memorial day weekend were the lowest they have been since 2003. think of that. in fact, in a couple of states, gasoline, $1.98 a gallon. when have you heard that number lately? income soared in april, up .8%, almost triple expectations, and we achieved the largest drop in consumer prices and the largest increase in consumer confidence since the pandemic, and actually

probably about 20 years before the pandemic. last month, we also cut the trade deficit in half, and that is the story of today. i cannot believe it. the numbers just came. before we even got started, we cut it in half, the trade deficit. very importantly, have stopped the invasion of illegal aliens who are undercutting your wages and stealing your job. you saw that last month. 99.999% -- can you imagine -- that was our cut. it's been -- the border is closed, but it's open and will always be open to people that want to come into our country legally. we want to have people come in legally, but we don't want to have them come in the way they allowed to come in. we have ended the flood of criminals, gang members, murderers, drug dealers, and human traffickers, and we are sending them back to the places

from which they came. the future of american workers is only getting brighter. i said before and i will say again we have the hottest country right now in just four months, but actually, you have to go back to november 5. since november 5 -- that was election day. we had the greatest election victory, they say, in 129 years. the most consequential election in 129 years. i don't know what 129 years was, but we will check it out later on. we will find out. must have been something pretty good. but we had the most consequential -- we won every swing state. we won the popular vote. we won the district. 2750 we are doing the job and only because of you we had the success. we are on the verge of passing the largest working-class tax cuts in american history. we have to get that beautiful big bill, beautiful, beautiful,

as it is, we got it get it passed, call your senators. and i will tell you you have great people representing you. your senators, your congressman. your great people. every single democrat, house member to oppose the largest tax hike in history. the democrats are voting for the largest highest tax hike in history. i've never heard of it before. meanwhile, our one big beautiful bill will keep income taxes at their current rates and deliver no tax on tips, no tax on overtime and no tax on social security for our seniors. we will make the interest payments, as you know, on the cars. we will take the car payments you buy a car in to borrow money and we will make interest payments tax deductible. but only if the car is made in

america. and made with american steel and steel from u.s. steel. we are permanently expanding the child tax credit and creating a special trump account for every newborn child, starting about with a $1000 credit to be invested over the course of their life, little baby is born, they would start off with 1000 dollars, and if we do a good jobs, we will go with one of the investing high lines, they have a chance to be very rich. it is going to be very cute to see. we will follow it very closely. and critically the bill includes the largest reductions in wasteful spending in a generation, slashing more than 1.6 trillion in waste fraud and abuse. the one big bill, get your congressman and any other senator and congressman you know, get them to vote for it

because the democrats are willing to vote against the biggest tax, deduction or tax decrease in history. this is the biggest tax cut, think of it, in the history of our country. if it does not get approved, you are going to have a 68% tax increase. lots of luck. and the democrats would rather have you have a tax increase, think of that, of 68%. they would rather have that happen than vote for a bill or where you get the biggest tax cut. so, there is something wrong to it all my life i grew up i watched politics. and i've always watched politicians say, we will cut your taxes, we will cut, these democrats want to raise your taxes and in theory, a 68% increase, one of the thing i did and you probably saw it last week, we pay the highest drug prices and pharmaceutical prices anywhere in the world by far. other countries pay sometimes

1/10 of what we pay, a pill that cost $20, we spent $250, $ 270 in many cases, it is the most unfair thing. i've ever seen, and last week i did what had to be done, and it was not easy against the biggest lobby anywhere, probably in the world, most powerful lobby, the drug companies and i'm not even calling them bad. that they were able to do things. they will be fine, by the way. they will just stabilize, but we are going to now call a favorite nations where we will pay the lowest price anywhere in the world and they have to match it. we will be cutting your drug bill by 85 and even 90%. you know, i was very proud in my first administration, you may have remembered, i called for a major press conference because, i was the first one in 28 years to lower drug prices. they were lowered one quarter of

1% over a year and i was so proud of that. because nobody had ever had in administration where prices of drugs went down. one quarter of 1%. not much. now we are going to be lowering your drug costs by 90%, by 85%, by 75%. by numbers that nobody's ever heard of before. we will be paying equal to the lowest price of drugs and pharmaceuticals anywhere in the world. have fun because that is a lot of money. that is going to bring down medicare, it is going to bring down the cost of think of it, medicaid. it is going to have an effect on everything but is going to have the biggest effect on your wallet. you are going to be saving a tremendous amount of money and nobody else would do that but me. i have taken on some rather harsh critics over that, because again, that is the biggest lobby , they spend billions and billions and billions of dollars a year not to have that done.

but i said it is really time to do it. so you are going to have the lowest drug prices anywhere in the world. with one big beautiful bill, we will protect over 7 million jobs, raise take-home pay for american families by up to $13,000 a household. and reduce taxes for working-class americans buy as much as 13%. those are big numbers. the bill will also remove 1.4 million illegal aliens from medicaid and protect the programs for truly needy americans. and it includes funding to hire 3000 new border patrol agent and 10,000 new ice agents and these people, like you, these are heroes, the jobs they have done. they go into areas that are so dangerous that is unbelievable but they are tough and they are smart and they love our country. so i want to just think ice and

the border control and i want to thank you law enforcement and general. they have been incredible. really incredible. and i will never forget our firemen. i do not know if we have firemen here today but we will never forget our firemen. they do a great job. over the past four months we have accomplished more than most administrations, it is even four years or even eight years, we have done this in four months. we have done something on spirit and optimism and pride which is sweeping across our land, and with the announcement it is surging like never before in western pennsylvania. remember, the entire world is watching us today. by making speech that had millions and millions, look at all the fake news back there. look at that. that is a lot of fake news come to think of it. they have been pretty good to us here. they gave us a reasonably accurate display. but all over the world, look at that, they are watching your local region and how well it's

doing and how well is going to do for generations, the workers of this region have always been there for our country when we needed you most. you build this country from pittsburgh to pottstown to bethlehem to hopewell and from washington county to right here in western mifflin, the foundries and blast furnaces of pennsylvania have smashed foreign armies, strengthen the halls of the world's greatest navy, raised up majestic cities, won two world wars and made america into the richest strongest and most powerful country on the face of the earth. it suffered greatly over the last four years but we are going to get it back and we are going to get back fast. it is almost back already. it suffered, though. i'm not going to make any excuses. it suffered with incompetent radical left lunatics, but under our leadership we are making it

richer and stronger and more powerful than ever before and that is what i want to thank you very much and thank you, prime minister, and thank everybody. they all knew what was happening here. with the help of patriots like you we are going to produce our own metal, unleash our own energy, secure our own future, build our country, control our destiny, and we are once again going to put pennsylvania steel into the backbone of america like never before. the golden age of america has only just begun, and together we are going to make america great again. greater than ever before. thank you very much, pennsylvania and god bless, america. thank you. [applause]