Enhance Your English with U.S. Government News – JD Vance Delivers Remarks at the American Dynamism Summit 2025. 3. 18.

0:00 ladies and gentlemen the vice president 0:02 of the United States JD 0:08 [Music] 0:18 [Applause] 0:20 Vance good morning everybody how we 0:23 doing it’s uh it’s great to be here 0:25 thanks to uh to everybody for having me 0:28 today in particular Ben and Mark and I 0:30 just got to say hello to Ben um and 0:32 Catherine backstage but I know I know 0:34 apparently Mark has the flu right now so 0:36 Mark wherever you are I think I had the 0:38 same flu like a few weeks ago it sucks 0:40 but uh I’m sure I’m sure you’ll get 0:42 through it and it’s great to to be with 0:44 you all and it’s great to talk about the 0:47 importance of American dynamism and what 0:50 our Administration is going to do to 0:52 support so many of the country’s most 0:54 groundbreaking and compelling companies 0:56 I know that you guys are working hard 0:59 every single day and I think it’s pretty 1:01 good news right that as of a couple of 1:03 months ago you have an Administration 1:04 that’s working with you and facilitating 1:06 your hard work instead of making it 1:08 harder to innovate which is I think what 1:10 the last Administration did though in 1:12 defense of Joe Biden he was asleep most 1:14 of the time I don’t think he totally 1:15 realized what he was doing but uh 1:17 certainly didn’t make it easier his 1:19 administration did not for our 1:20 innovators now as some of you may have 1:22 seen and I talked about this with Ben 1:24 backstage I spoke at a conference in 1:26 Paris last month where my message to a 1:28 group of CEOs informed foreign leaders 1:30 was that we should embrace the future 1:32 headon we shouldn’t be afraid of 1:34 artificial intelligence and that 1:36 particularly for those of us lucky 1:38 enough to be Americans we shouldn’t be 1:40 fearful of productive new technologies 1:42 in fact we should seek to dominate them 1:45 and that’s certainly what this 1:46 Administration wants to accomplish I 1:48 suspect that most of you in this room 1:50 are of like mind and if you’re not I 1:51 don’t know why the hell you’re at the 1:53 American dynamism conference but I I 1:55 received some push back from people who 1:59 are worried about the disruptive effects 2:00 of AI you one journalist suggested the 2:03 speech highlighted the tension between 2:05 the quote techno optimists and the 2:08 populace right of President Trump’s 2:10 Coalition and today I’d like to speak to 2:13 these tensions as a proud member of both 2:16 tribes and let me put it simply while 2:19 this is a well-intentioned concern I I 2:21 think it’s based on a faulty premise 2:23 this idea that Tech forward people and 2:26 the populists are somehow inevitably 2:28 going to come to a loggerheads is wrong 2:31 I think the reality is that in any 2:32 Dynamic Society technology is going to 2:36 advance of course and speaking as a 2:39 Catholic I think back to Pope John Paul 2:41 II’s opening lines of the ENC excuse me 2:44 encyclical uh labor 2:47 maxar quote through work man must earn 2:50 his daily bread and contribute to the 2:52 continual advance of Science and 2:54 Technology and above all to elevating 2:57 unceasingly the cultural and moral level 2:59 of the society within which he lives end 3:02 quote now I quote the Holy Father not 3:04 only because I’m a fan of his but also 3:06 because he rightly understood that in a 3:08 healthy economy technology should be 3:10 something that enhances rather than 3:13 supplants the value of Labor and I think 3:15 there’s too much fear that AI will 3:17 simply replace jobs rather than 3:19 augmenting so many of the things that we 3:21 do now in the 1970s if you go back a 3:24 little ways many feared that the 3:27 automated teller machine what we call 3:28 the ATM would rep Place bank tellers in 3:31 reality the Advent of the ATM made bank 3:33 tellers more productive and you have 3:35 more people today working in customer 3:38 service in the financial sector than you 3:40 had when the ATM was created now they’re 3:42 doing slightly different jobs of course 3:44 yes they’re doing more interesting tasks 3:47 also and importantly they’re making more 3:49 money than they were in the 1970s now 3:52 when we innovate we do sometimes cause 3:55 labor market disruptions that has that 3:58 happens but the history of American 4:00 innovation is that we tend to make 4:02 people more productive and then we 4:04 increase their wages in the process and 4:06 I think all of us believe that’s a good 4:07 thing now after all who would claim that 4:10 man was made less productive by the 4:12 invention of the transistor or the metal 4:15 ath or the steam engine real Innovation 4:18 makes us more productive but it also I 4:20 think dignifies our workers it boosts 4:22 our standard of living it strengthens 4:25 our Workforce and the relative value of 4:27 its labor and As Americans all of us 4:30 should be particularly proud of our 4:31 extraordinary Heritage I think it is 4:33 American heritage of inventing things 4:36 and of our nation’s status to this day 4:38 as the world’s foremost driver of 4:40 research and development but all of this 4:43 the role that technology plays in a 4:45 labor market and whether we greet 4:47 Innovative breakthroughs with excitement 4:50 or with trepidation depends on the 4:53 purpose of our economic system in the 4:55 first place and I think this is where 4:56 the populists have an important point it 4:59 should be no surprise that when we send 5:01 so much of our industrial base to other 5:03 countries we stop making interesting new 5:05 things right here at home look for 5:08 example at ship building now if you go 5:10 back to World War II America constructed 5:12 thousands of so-called Liberty ships to 5:14 carry troops cargo and other things 5:17 building them at a pace of three ships 5:20 every two days three ships every two 5:22 days now we build about five commercial 5:25 ships across an entire year in the 5:27 United States of America and as a result 5:30 the United States today accounts for. 1% 5:34 1/10th of 1% of global ship building 5:38 China on the other hand now makes more 5:40 commercial ships than the rest of the 5:42 world combined in fact one of beijing’s 5:44 state-owned firms built more commercial 5:46 ships just last year than all of America 5:49 has produced since the end of World War 5:52 II so while we Remain the leader in 5:55 technology and Innovation I think there 5:57 are troubling signs on the horizon 6:00 and I raise all this to ask does this 6:02 sound like a regime I’m speaking of 6:04 China that will pass up on the 6:06 opportunity to use AI or any other 6:08 technology to advance their own 6:10 interests and further undermine the 6:12 interests of their Rivals I think the 6:13 answer is obvious and that’s why America 6:16 we’ve got to be Tech forward yes there 6:17 are concerns yes there are risks but we 6:20 have to be leaning into the AI future 6:22 with optimism and hope because I think 6:24 real technological innovation is going 6:27 to make our country stronger so de 6:31 de-industrialization poses risks both to 6:33 our national security and our Workforce 6:36 it’s important because it affects both 6:38 and the net result is dispossession for 6:41 many in this country of any part of the 6:43 productive process and when our 6:46 factories disappear and the jobs in 6:49 those factories go overseas American 6:52 workers are faced not only with 6:53 financial insecurity they’re also faced 6:55 with a profound loss of personal and 6:58 communal identity 7:00 and so to come full circle on this 7:02 tension alleged tension between the 7:04 populace and the Techno Optimus I can 7:07 understand a reaction of skepticism when 7:09 we talk about the Revolutionary 7:11 potential of new invention and 7:13 artificial intelligence and all the 7:15 other incredible technologies that you 7:17 guys are working but I think that that 7:20 tension is a little overstated and so 7:23 I’m want to come back to what’s sort of 7:26 dividing some of the tech Optimus and 7:29 the the populace on our side I think the 7:31 populace when they look at the future 7:34 and when they compare it to what’s 7:35 happened in the past I think a lot of 7:36 them see alienation of workers from 7:39 their jobs from their communities from 7:42 their sense of solidarity you see the 7:44 alienation of people from their sense of 7:46 purpose and importantly they see a 7:49 leadership class that believes welfare 7:51 can replace a job and an application on 7:53 a phone can replace a sense of purpose I 7:57 remember a Silicon Valley dinner uh in 8:00 in particular back when I was in in my 8:02 tech days where my wife and I were 8:04 sitting around talking to some of the 8:06 leaders of of the important technology 8:08 firms of the United States and this is 8:10 probably in 2016 or 2017 and I was 8:14 talking about my real worry that we were 8:16 heading in a direction where America 8:18 could no longer support middle class 8:21 families working on middle class wages 8:23 and importantly that even if you had 8:25 enough economic dynamism to provide the 8:28 wealth to ensure those people could you 8:30 know afford to buy a house and afford 8:32 their food and so forth that even if you 8:34 replace the financial element of their 8:36 jobs you would destroy something that 8:39 was dignified and purposeful about work 8:41 itself and I remember one of the tech 8:43 CEOs who was there that you know CEO you 8:45 would know his name if I mentioned it he 8:47 was the CEO of a of a multi-billion 8:48 dollar company he said well I’m actually 8:51 not worried about the loss of purpose 8:53 when people lose their jobs and I said 8:55 okay well what do you think is going to 8:57 replace that sense of purpose and he 8:59 said uh digital fully immersive 9:04 gaming and then my my wife texted me 9:06 underneath the table and said we have to 9:08 get the hell out of here these people 9:10 are effing 9:13 crazy now I don’t think that of course 9:16 that CEO’s views are representative of 9:18 of of most people in this room but when 9:20 I think about the the a lot of the 9:23 workers based on what they’ve seen in 9:26 the past are very worried about the 9:28 future because Frank their leadership 9:30 has failed to serve them and then I 9:32 think about this from the perspective of 9:33 a lot of the tech optimists I think a 9:35 lot of the tech optimists they see 9:38 overregulation they see stifling 9:40 Innovation I mean you guys are Builders 9:43 they are Builders and while they may 9:44 sympathize with those who lost a job 9:47 they’re much more frustrated that the 9:48 government won’t allow them to build the 9:50 jobs of the future and they know that 9:53 it’s hard as it is to build a business 9:55 in digital media it’s still harder to 9:57 build one in robotics or Life Sciences 10:00 or energy in what we call the world of 10:02 atoms they see a government that makes 10:04 their lives harder and they must trust 10:06 anyone who looks to that government for 10:08 Aid and what I propose is that each 10:11 group our workers the populists on the 10:14 one hand the tech optimists on the other 10:16 have been failed by this government not 10:19 just the government of the last 10:20 Administration but the government in 10:22 some ways of the last 40 years because 10:25 there were two conceits that our 10:27 leadership class had when it came to 10:28 Global ization the first is assuming 10:32 that we can separate the making of 10:34 things from the design of things the 10:36 idea of globalization was that rich 10:38 countries would move further up the 10:40 value chain while the poor countries 10:42 made the simpler things you would open 10:45 an iPhone box and it would say designed 10:47 in copertino California now the 10:49 implication of course is that it would 10:51 be manufactured in shinen or somewhere 10:54 else and yeah some people might lose 10:56 their jobs in manufacturing but they 10:58 could learn to design or to use a very 11:01 popular phrase learn to code but I think 11:03 we got it wrong it turns out that the 11:06 geographies that do the manufacturing 11:08 get awfully good at the designing of 11:10 things there are network effects as you 11:12 all well understand the firms that 11:14 design products work with firms that 11:16 manufacture they share intellectual 11:18 property they share best practices and 11:21 they even sometimes share critical 11:23 employees now we assume that other 11:25 nations would always Trail Us in the 11:27 value chain but it turns out that they 11:29 got better at the low end of the value 11:31 chain they also started catching up on 11:33 the higher end we were squeezed from 11:35 both ends now that was the first conceed 11:37 of globalization I think the second is 11:39 that cheap labor is fundamentally a 11:42 crutch and it’s a crutch that inhibits 11:44 Innovation I might even say that it’s a 11:46 drug that too many American firms got 11:49 addicted to now if you can make a 11:51 product more cheaply it’s far too easy 11:54 to do that rather than to innovate and 11:57 whether we were offshoring factories to 11:58 cheap cheap labor economies or importing 12:01 cheap labor through our immigration sh 12:04 system cheap labor became the drug of 12:06 Western economies and I’d say that if 12:08 you look in nearly every country from 12:10 Canada to the UK that imported large 12:12 amounts of cheap labor you’ve seen 12:14 productivity stagnate I don’t think 12:16 that’s a that’s not a total happen 12:19 stance I think that the connection is 12:21 very direct now one of the debates you 12:24 hear on the minimum wage for instance is 12:26 that increases in the minimum wage Force 12:28 firms to automate so a higher wage at 12:31 McDonald’s means more kiosks and 12:33 whatever your views on the wisdom of the 12:34 minimum wage I’m not going to comment on 12:36 that here companies innovating in the 12:39 absence of cheap labor is a good thing I 12:41 think most of you are not worried about 12:43 getting cheaper and cheaper labor you’re 12:45 worried about innovating about building 12:47 new things about the old formulation of 12:49 technology is doing more with less you 12:52 guys are all trying to do more with less 12:54 every single day and so I I’d ask my 12:56 friends both on the the tech optimist 12:59 side and on the populist side not to see 13:01 the failure of the logic of 13:03 globalization as a failure of innovation 13:06 indeed I’d say that globalization’s 13:09 hunger for cheap labor is is a problem 13:12 precisely because it’s been bad for 13:14 Innovation both our working people our 13:17 populists and our innovators gathered 13:19 here today have the same enemy and the 13:22 solution I believe is American 13:24 innovation cuz in the long run it’s 13:27 technology that increases the the value 13:29 of Labor Innovations like the American 13:32 system and the interchangeable parts 13:33 Revolution it sparked or Fords moving 13:36 assembly line that skyrocketed the 13:38 productivity of our workers that’s how 13:40 American industry became the Envy of the 13:42 world and that’s what I really want to 13:44 talk about today why Innovation is key 13:47 to winning the worldwide manufacturing 13:49 comp competition to giving our workers a 13:51 fair deal and to reclaiming our heritage 13:54 via America’s great industrial comeback 13:57 and I believe that’s what we’re on the 13:58 cusp of a great American industrial 14:01 comeback cuz Innovation is what 14:04 increases wages it’s what protects our 14:07 homelands and I know we have a lot of 14:08 Defense technology uh companies here 14:11 it’s what saves troops lives on the 14:14 battlefield and I know everyone here 14:16 today largely agrees it’s why we have 14:18 some of the greatest in inventors and 14:20 thinkers and energy Precision Machining 14:24 countless critical high value Industries 14:26 just in this room and I think the the 14:29 other thing that unites all of you is 14:31 that you’re Builders and I and I use 14:32 that word deliberty I was very moved by 14:35 Mark’s Manifesto from a few years ago 14:37 about America we are a nation of 14:39 Builders we make things we create things 14:42 each of you came to this Summit not 14:44 because you developed some flash in the 14:46 pan application but because you’re 14:48 building something very real you’re 14:50 raising new factories you’re turning 14:52 profits back into R&D and you’re 14:54 creating new good paying jobs for your 14:56 fellow Americans and this is why I’m 14:58 such huge fans of yours of Ben’s and 15:01 marks and of the entire Endeavor that we 15:04 recognize now in our Administration is 15:06 the time to align our work interests 15:09 with those of all of you it’s time to 15:13 align the interests of our technology 15:15 firms with the interests of the United 15:17 States of America at large now all of 15:19 you in your own ways have answered that 15:21 call after all there’s nothing forcing 15:24 anyone to be in the room today each one 15:27 of you could have set up headquarters in 15:28 South East Asia or China I’m sure and 15:31 you would have done quite well for 15:32 yourselves financially but you’re here I 15:35 hope because you love your country you 15:37 love its people the opportunities that 15:39 it’s given you and you recognize that 15:41 building things our capacity to create 15:44 new innovation in the economy cannot be 15:46 a race to the Bottom now America’s not 15:49 going to win the future by ditching 15:51 child labor laws or paying our workers 15:54 less than Chinese or Vietnamese laborers 15:56 we don’t want that and it’s not on the 15:57 table we can only win by doing what we 16:00 always did protecting our workers and 16:03 supporting our innovators and doing both 16:05 of those things at the same time and so 16:08 I want to talk a little specifics here 16:10 the Trump administration’s great plan 16:12 for staging the Great American 16:14 manufacturing comeback is simple you’re 16:16 making interesting new things here in 16:18 America great then we’re going to cut 16:20 your taxes we’re going to slash 16:22 regulations we’re going to reduce the 16:24 cost of energy so that you can build 16:26 build build our goal is to incentivize 16:30 investment in our own borders in our own 16:32 businesses our own workers and our own 16:34 Innovation we don’t want people seeking 16:36 cheap labor we want them investing and 16:39 building right here in the United States 16:40 of America and so if you allow it I’d 16:43 like to talk about a few ways that the 16:44 Trump Administration is already pursuing 16:47 a pro-innovation economy that allows our 16:49 workers to thrive and our companies to 16:52 outcompete their foreign peers in short 16:55 an economy that is vibrantly America 16:58 first that serves Americans from all 17:00 walks of life and of every kind now 17:03 first president Trump is starting with 17:05 in his Dead series about rearranging our 17:09 trade and tariff regime internationally 17:12 we believe that tariffs are a necessary 17:14 tool to protect our jobs and our 17:17 industries from other countries as well 17:19 as the labor value of our workers in a 17:22 globalized market in fact combined with 17:24 the right technology they allow us to 17:26 bring jobs back to the United States of 17:28 America 17:29 and create the jobs of the F future just 17:31 look in the past few months at the auto 17:34 industry as an important example when 17:36 you erect a tariff wall around a 17:38 critical industry like autom 17:40 manufacturing and you combine that with 17:42 Advanced Robotics and lower energy costs 17:45 and other tools that increase the 17:47 productivity of US Labor you give 17:49 American workers a multiplying effect 17:52 now that in turn allows firms to make 17:54 things here at a price competitive basis 17:57 our president gets that which is why 17:59 last month we posted 9,000 new auto jobs 18:03 after many many years of stagnation or 18:06 even decline in the auto sector it’s why 18:08 just weeks in we already have new 18:10 planner production announcements from 18:12 Honda from Hyundai and stantis worth 18:15 billions of dollars and thousands of 18:17 additional jobs on top of the ones that 18:19 were already created now this takes work 18:22 it took in the president’s first term 18:23 the president ripping up NAFTA and 18:25 creating a new US deal for American 18:29 manufacturers in North America but 18:32 there’s important work and we’re going 18:34 to do it now second second all of this 18:38 is why the president is approaching the 18:40 issue of illegal immigration as 18:42 aggressively as he has because he knows 18:44 that cheap labor cannot be used as a 18:47 substitute for the productivity gains 18:49 that come with economic Innovation and 18:51 so we’ve cracked down on illegal 18:53 immigration at the border where the 18:54 results speak for themselves last month 18:57 migrant Crossings were down 94% to their 19:00 lowest number all time and that happened 19:02 just in two months of serious border 19:05 enforcement thanks to president Trump’s 19:07 leadership last month for the first time 19:09 in over a year the majority of job gains 19:12 went to American citizens born on us 19:15 soil and that’s important for the first 19:17 time in over a year the majority of job 19:20 creation actually went to American 19:22 citizens a third this Administration is 19:25 focused on reducing our input costs for 19:28 our m manufacturers and for everybody 19:30 else achieving energy and abundance and 19:32 I know Doug bergham was here earlier 19:34 will be here later is top of mind 19:36 because when we look at some of the most 19:38 exciting applications of new 19:40 technologies we realize it’s going to 19:42 take a lot of power to keep them running 19:44 and we’re we’re thrilled to have our 19:45 friends from the United Arab Emirates a 19:47 number of the Business Leaders and 19:49 government leaders uh in town this week 19:52 for meetings with our government and one 19:54 of the things they consistently Hammer 19:56 upon is something that unfortunately too 19:58 of our European allies tend to get is 20:00 that if you want to lead in artificial 20:02 intelligence you have got to be leading 20:04 in energy production so we are going to 20:06 set the pace there and we are going to 20:08 lead from the front now we are already 20:10 seeing the good news is signs of 20:12 progress even just a couple of months in 20:14 gas and diesel prices are dropping the 20:16 cost of a barrel of us crude is way down 20:19 and last Wednesday the administration 20:21 took major steps to make energy even 20:23 cheaper and liberate our companies from 20:26 stifling environmental regulations 20:28 now that is great but of course there’s 20:31 a lot more work we have to do over the 20:33 next four years getting the tax bill 20:36 right is especially critical for all of 20:38 you and for all of your workers we know 20:40 how important it is to restore 100% 20:42 bonus depreciation for Capital 20:44 Investments as well as full expensing 20:46 for R&D again we want people to invest 20:49 in America and we’re going to make sure 20:50 the tax code reflects that in order to 20:53 build on the success of the original tax 20:55 law meaning the tax law from the 20:57 president’s first Administration 20:59 our Administration is working to broaden 21:02 some Provisions that are critical to the 21:04 industrial base like expanding full 21:05 expensing to cover Factory construction 21:08 for business owners including 21:10 manufacturers making the 2017 tax cuts 21:13 permanent will provide further 21:15 confidence and predictability to invest 21:18 in new technology and Equipment hire 21:21 more American workers and grow all of 21:23 your businesses and we have a lot more 21:26 to do but the country is already 21:27 starting to see the payoff of this 21:29 administration’s bold economic agenda 21:33 for producers and consumers alike 21:35 inflation is finally starting to come 21:37 down core CPI last week dropped to its 21:40 lowest number since April of 21:42 2021 and when it comes to the labor 21:44 market last month’s jobs report showed a 21:47 massive reversal 10,000 new 21:49 manufacturing jobs created where the 21:51 previous year we had lost over 100,000 21:54 manufacturing jobs as you may have heard 21:56 the president say in less than two 21:59 months since he’s took office he’s 22:00 already secured more than $1.7 trillion 22:03 do in new Investments across the United 22:05 States that’s hundreds of thousands of 22:08 new jobs in manufacturing AI other hard 22:12 tech sectors and more so we think 22:14 there’s a lot to be excited about 22:16 there’s a lot that we’re excited about 22:17 and we certainly hope that you guys are 22:19 excited too but the fundamental premise 22:22 the fundamental goal of President 22:24 Trump’s economic policy is I think to 22:26 undo 40 years of failed economic policy 22:31 in this country for far too long we got 22:34 addicted to cheap labor both overseas 22:37 and by importing it into our own country 22:39 and we got lazy we over regulated our 22:42 Industries instead of supporting them we 22:44 overtaxed our innovators instead of 22:46 making it easier for them to build their 22:48 great companies and we made it way too 22:51 hard to build things and invest things 22:54 in the United States of America that 22:56 stopped 2 months ago and it will 22:58 continue to stop and will continue to 23:01 fight for American workers and the 23:03 American businesses that hire them and 23:05 that support them so I want to thank you 23:07 all for two things number one I want to 23:09 thank you all for doing what you do 23:11 again you could have chosen the easy 23:13 path every single person in this room as 23:15 the president would say you’re all very 23:17 high IQ you’re some of the most talented 23:19 people in the United States of America 23:22 you chose to build a business right here 23:24 in the United States of America and for 23:26 that I’m grateful but the second thing I 23:28 want to say is that I think you’re not 23:30 just building your own business I think 23:32 that you are part of a great American 23:34 industrial Renaissance whether it’s the 23:37 war of the future the jobs of the future 23:40 the economic prosperity of the future we 23:43 believe that we must build it right here 23:46 in the United States of America so thank 23:48 you all for building thank you all for 23:50 building in America and thank you all 23:52 for building the kind of society that I 23:54 want to raise my children in God bless 23:56 you all thanks for having me 23:59 be

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