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David McCormick: “They've committed $1.3 trillion over the next 10 years, $130…”

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

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

Published | Video Starts at 29:11

So I expect there to be a lot more of that coming. My wife and I were with Mark Ozakowitz, who was chief of staff, and James Cunningham in Abu Dhabi. We met with NBZ. They've committed $1.3 trillion over the next 10 years, $130 billion a year. I mean, that's enormous. Of course, my first question was how much of that is coming to Pennsylvania. But putting that aside for a second, enormous, if I'm understanding the parameters of the trade deal with Japan, $550 billion of investment. (29:11–29:19)

CLAIM

Asserts that $1.3 trillion has been committed over the next 10 years, equating to $130 billion annually.

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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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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