Scott Besson

And Steve, this is against the entire Western world, not just against the US.

It's against Europe, Australia, Canada, UK, Japan, Korea.

And through President Trump's leadership and facilities like this, we are going to take back leadership and end this choke point that they have on us.

So.

Steve, let's take three parts here.

First, national security.

National security is economic security.

So without economic security, we don't have any up pat.

And there is an industrial planning aspect here that this administration, President Trump came in, he signed an executive order

on rare earths right at the beginning, right in the first few days, and that these magnets are now coming off the line.

Two, the tariffs.

The tariffs, the revenue is great, but I have described the revenue as a shrinking ice cube in terms of the tariff income, because what would happen, the goal is to rebalance global trade.

that the US became, free trade was not fair trade.

We want to get fair trade back.

President Trump's used the tariffs.

Right now, the tariff income is very substantial.

Over time, what will happen is as we reshore the factories, tariff income will go down.

And from facilities like this and companies like this, the income tax receipts and the payroll receipts from these high-paying jobs will go up.

So a successful tariff regime results in reshoring and better balance.

So that is, by definition, lower tariffs.