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David McCormick: “If you think of the most existential national security…”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal

Published September 18, 2025 | Video Starts at 32:55

Yeah, the one where I don't think I've uttered the word China maybe once in this whole conversation. I probably should have started with that because my view is that If you think of the most existential national security challenge, risk, exposure to America's future, it would be China. The China AI revolution and China's leadership, China's military capacity, China's adventurism. So it would be China. (32:55–33:15)

CLAIM

Asserts that China is the most significant national security challenge to America's future.

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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David McCormick

“In 1950, Pittsburgh had more corporate headquarters than any other major city in the country.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 13:21-13:28
“The second was the announcement of a $20 billion investment of Amazon into data centers across the Commonwealth.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 15:18-15:26
“We had $92 billion of announcements, 50 billion of that was energy infrastructure, 40 billion data centers.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 15:30-15:37
“We're the second largest energy producer in the country, fourth largest natural gas reserves in the world.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 19:39-19:45
“They've committed $1.3 trillion over the next 10 years, $130 billion a year.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 29:11-29:19
“Our basic research budget is what it is at 1950 levels. As a percent of GDP it should be dramatically higher.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 45:52-46:00
“President Biden immediately was opposed to the [Nippon Steel US Steel] deal.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 05:25-05:25
“Senator Casey was immediately posed [to the Nippon Steel US Steel deal].”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 05:28-05:30
“I was worried about foreign ownership of the iconic US Steel company.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 05:42-05:49
“There had been a history decades ago of dumping in the steel market that had left a bad taste of many in the domestic steel industry in the…”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 05:58-06:08
“I wanted to make sure we didn't lose those jobs in the Mon Valley.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 06:15-06:19
“The best option for America and for Pennsylvania was to have a great partnership with Nippon [Steel].”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 07:47-07:56
“Really help revitalize our domestic steel industry, which was so critical to our national security.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 08:02-08:09
“This was a way to supercharge the domestic steel industry.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 08:18-08:23
“It was a way to not only save and protect the jobs in the Mon Valley, but grow them with future investment.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 08:22-08:30
“The national steelworkers were very opposed to it.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 10:00-10:04
“The national security protections that were put in place with the Golden Share.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 10:48-10:54
“It would continue to be a US Company because of the headquarters, keep the name, a US Board, a US CEO.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 10:55-11:03
“There's been four big announcements in Pennsylvania in the last three or four months.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 15:10-15:14
“The last one was what you referred to as the shipbuilding a $5 billion investment from Hanwha.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 15:42-15:48
“It gives certainty on the jobs that were already there. 4,000 jobs, maybe a little bit less. 4,000 jobs in the Mon Valley, U.S. steel.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 16:26-16:26
“There's the commitment to a new facility, which is something like $2.4 billion of incremental investment.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 16:54-17:00
“That'll create, by some estimates, 10,000 new building trades, jobs building the new mill.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 17:01-17:11
“We're going to have enormous uptick in defense spending. Pennsylvania should get a disproportionate share of that.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 19:11-19:17
“We're competing against China for AI dominance, AI leadership.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 20:26-20:32
“When I was in the Bush administration, I was the undersecretary at treasury and I would often chair the working group on CFIUS.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 22:41-22:50
“I think you're going to see the government play perhaps a more active role. It is playing a more active role [in private enterprise].”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 23:15-23:27
“The involvement of the government should only take place when one of two conditions is in place. One, the national security implications are…”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 24:11-24:26
“The other area where I think the government should consider playing a role not always is where you have a true market failure that has huge…”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 24:56-25:08
“The more governments involved, the more it opens us up to crony capitalism.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 25:42-25:47
“Foreign capital is a huge part of Pennsylvania and America's economic present and economic future.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 27:57-28:07
“President Trump has expanded what these trade negotiations are actually about to include export controls and foreign direct investment.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 28:20-28:30
“There's this huge flood of foreign direct investment that's been committed.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 28:52-28:57
“If I'm understanding the parameters of the trade deal with Japan, $550 billion of investment.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 29:26-29:33
“The biggest thing we can do in the Congress and maybe in the country, is permitting reform.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 30:08-30:16
“Not since 1981, when Reagan's first year in office, has there been such a push on making it easier to do business.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 32:06-32:15
“China's actions are certainly of a country that's building its capability in a variety of ways and expanding its areas of influence.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 33:42-33:58
“I think there's going to be opportunities for more, not less, cooperation on artificial intelligence, on semiconductors.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 34:17-34:24
“The President not only had to change his position from the other president's position, he actually had to change his own position to do it.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 35:07-35:15
“The national security threat discussion or worry concern I think was not particularly Japanese specific.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 36:37-36:49
“There was a history of dumping which has been well documented and there was an issue of debate and consternation between the two sides.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 37:27-37:37
“It's going to be highly disruptive. It's going to be, you know, it's hard to be too predictive, but I'm thinking in terms of industrial…”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 39:39-39:48
“In the near term, say the next five, maybe even 10 years, it seems to be net positive for blue collar skilled labor, skilled workers.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 39:59-40:09
“The biggest problem we have is we don't have enough skilled workers to keep up.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 40:23-40:26
“On the white collar side, it's much, much more disruptive because if you just start to play with your AI apps, things that used to take a…”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 40:59-41:15
“We have the benefit. Great community colleges. Carnegie Mellon, Lehigh, Penn State, Penn.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 41:38-41:44
“The imperative of getting government out of the way to allow these big power projects, nuclear facilities, whatever it is, to move quickly…”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 46:18-46:34
“I've talked to our governor about this. You got to streamline all the way down.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 46:53-46:57
“In my opinion, there would be nobody who is more supportive of President Trump's efforts to secure the border, stop the flow of illegal…”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 47:22-47:32
“I think legal immigration reform is going to be part of the puzzle to do that.”
Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal | Uploaded September 18, 2025 | 47:46-47:50