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Bernie Moreno: “South Korea, not only is that the case, but we also pay to…”

Featuring: Bernie Moreno, Republican | U.S. Senate, Ohio

Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno

Published May 21, 2025 | Video Starts at 22:50

And you're right, it's not just China. It is. Japan charges US tariffs and non tariff barriers and we don't. And we allow them to, to bring their products here. South Korea, not only is that the case, but we also pay to defend them. Australia, great ally, great people. They tariff our meat. Their meat can come in tariff free. Canada and Mexico, great allies, large trading partners. But they've allowed their borders to be opened. (22:50–22:55)

CLAIM

Claims the US pays for South Korea's defense while facing trade imbalances.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Bernie Moreno

“China's GDP grew from 1.2 trillion to 25 trillion since normalization with the U.S.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 10:21-10:31
“The 2017 tax reform made large company tax cuts permanent, but small business tax rates expire this year.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 11:22-11:37
“If we don't act, small businesses face a $4 trillion tax increase.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 12:13-12:19
“We have a thousand years of natural gas reserves.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 12:59-13:03
“Australia, great ally, great people. They tariff our meat. Their meat can come in tariff free.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 22:55-23:02
“Canada and Mexico, great allies, large trading partners. But they've allowed their borders to be opened. They've allowed hundreds of…”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 23:02-23:13
“Small businesses are defined as 500 employees or less.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 09:42-09:49
“Banks were shutting out small businesses from lending over the last four years.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 12:33-12:45
“A Mexican company bought Republic Steel, shipped valuable equipment to Mexico, laid off employees, and left an environmental disaster in…”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 13:36-13:57
“In Lordstown, Ohio, we once had a General Motors facility that employed 10,000 people.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 14:17-14:25
“Production was shifted to Mexico.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 14:32-14:34
“Now that facility sits basically idle.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 14:34-14:37
“You wanted this country to stand up to China and say, no, we will not give you normalization because if we do, you'll destroy our economy.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 15:41-15:50
“President Trump tries to undo [what was done] 25 years ago.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 15:55-15:59
“Hasbro shipped all that production to China and elsewhere and communities suffered as a result.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 21:11-21:21
“The number one priority right now is for us to make [small business] tax rates permanent.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 21:28-21:28
“It's not a tax cut. No matter how many times my colleagues will say it's a tax cut for billionaires, it's objectively not true.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 21:32-21:40
“We're going to make America the best place to do business.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 21:55-21:59
“We're going to give American companies and American citizens the best tax rates so they can grow and thrive here.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 21:58-22:05
“We're going to make certain we protect critical industries like steel.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 22:09-22:14
“I think we should put, by the way, a full tariff on all major steel products like for example, appliances.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 22:14-22:21
“Japan charges US tariffs and non tariff barriers and we don't.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 22:44-22:48
“If you want to have a relationship with the United States of America, you're going to secure your borders.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 23:22-23:28
“The plan is to usher in a golden age for this country where working class Americans have the ability to live a good life.”
Senate Debate on Small Business Tariff Exemptions: Edward Markey vs. Bernie Moreno | Uploaded May 21, 2025 | 23:36-23:45