We were. We were. We were it. We gave all that up. And now, now we're in a position last year where China threatened export controls. They could have shut down every auto plant, not just in America, but in the world by, by not shipping these little magnets. And so the US turning around now, getting it. We're making equity investments for the first time as a country into certain companies that can help us get back in the game. (19:08–19:18)
CLAIM
Asserts that China's export controls could shut down global auto plants.
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.
