Emanuel: Trump Wants to Build a High Advanced Manufacturing Industry, that’s a Place Where the Tariffs Tool Is Complementary

RUSH EXCERPT:
EMANUEL: "Well. As somebody who‘s been, you know, look, when it comes to China, you have a country and why the two can‘t live together like they used to, where intellectual property theft and economic espionage is core to the business model. The problem with the tariffs is China was the enemy in the world economy. They were exporting their domestic problems and destroying other countries. Steel industry, aluminum industry, electronics industry. They were the problem by making the tariffs. What we did, we became the problem. Second, we have to be more discreet. What China does on toys or clothing is and use some other items versus semiconductors, autos, those are not the same products. And then tariffs are not the economic toolbox. They can be a tool in the economic toolbox. What are you doing to support research and development. This administration is just destroying it. What are you doing to build up a robotics industry. Because tariffs are so inconsistent, they‘re destroying it. Whatever there exists, you want to build a high tech, high advanced manufacturing industry along semiconductors, autos, other types of machinery and machine tools. That is a place to work where the tool of tariffs are complementary to other elements in the research, in the economic toolbox. The number one problem we have in manufacturing today, there‘s a half a million jobs with help wanted signs, trained people for those jobs. That would be a half a million people today in manufacturing with help wanted signs. That would be number one down payment research and development rather than destroying it, support it with both the tax areas, also with our universities. Third, open up other markets and using both regulatory reform as well as the other assets, we have to open up markets for U.S. export. I don‘t think this notion that China, they just tariffs across the board as if every sector of the economy is the same. It‘s not the same to America‘s independence and America‘s economic renaissance. We have a manufacturing base. We should be investing in it. Number one thing to do fill those help wanted signs."