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Steve Bannon: “Between 1998 and 2005 we lost 5,000 small manufacturers and…”

Featuring: Steve Bannon, Former White House Chief Strategist | National

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 34:19

The key is broad sustain if you have broad and sustained tariffs and people can make capital allocation decisions, particularly small and medium manufacturers. Remember in the Chicago area, I think Between 1998 and 2005 we lost 5,000 small manufacturers and a couple of million jobs because we shipped it all to China. And those guys are begging all the time. These are not the apples and it's not the Taiwan manufacturing. Some of the manufacturing, these are small. (34:19–34:30)

CLAIM

Asserts that the U.S. lost 5,000 small manufacturers and millions of jobs to China between 1998 and 2005.

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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