That all goes into shipbuilding. And that was a way of buying down their tariffs. They want to buy down their tariffs. I said, you got to pay for it. The Korean company Hanwha is spending billions of dollars to revitalize the historic shipyard in Philadelphia. Big old shipyard. Billions of dollars. Hadrian manufacturing and the US Navy are investing 2.4 billion in Alabama. Saronic is investing $3.2 billion in Texas to build a new shipyard on the beautiful shores of the Gulf of America. (32:57–33:05)
STATEMENT
Asserts that Hanwha is investing billions in a Philadelphia shipyard.
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