Political Quotes

“First of all, China cannot flood the market because we are not going to be able to meet these criteria in terms of being able to get the credit. They have their own credit, and there is no reason they are not going to be able to flood the U.S. market. I have a difference of opinion about what this actually means. This is what I would say. We have had three parts of the stool on supporting moving forward on a new electric transportation model. One is charging stations that we did in the infrastructure bill. It is really important to have charging stations. No. 2 is helping to create production through the battery and clean energy tax credits and so on. Third is helping to bring costs down at the beginning until volume comes up. Now, the reason people are waiting for cars is because of the lack of chips. I mean, they are waiting because of that, and we addressed that as well. The truth is, what was put in place on this piece was complicated. It doesn't work for several years for American companies. It doesn't stop China. It doesn't stop anybody else from coming into our market. They can come into our market. It stops our companies from fully benefiting from a piece of this with consumers. That is very important. Thank you very much. I object. S. Res. 13”