President Trump Participates in a Ribbon Cutting Ceremony at the Louis Vuitton Workshop – Rochambeau

The President: Thank youvery much, everybody.

Very, very muchappreciated.

We've had a tremendous daytoday in the Middle East.

We were a little bitunconventional, and we did something that nobody hasbeen able to do for many, many years.

They've been trying toput things together.

So we went theunconventional way, and they had some fighting andthey said, “We don't like this fighting too much.

This is a little moredifficult than people thought.

” But I want tothank President Erdogan of Turkey, and I want tothank the Kurds and Kurd leadership.

I want to thank certainother countries that, behind the scenes, were helping us out.

And it's atremendous thing.

ISIS is totally undercontrol, and we're continuing tocapture more.

We have a tremendoussituation worked out in so many different ways.

And it's an honor to havebeen involved in it.

I want to thank VicePresident Pence and Secretary of State Pompeo.

They traveledthrough the night.

I don't know howsafe this travel was.

I had a lot of differentreports going on.

But they got there, andthey did a fantastic job.

We sent some earlyrepresentatives to the site and the area wherethey negotiated, and we made a deal that's, I think, in the best interest of civilization.

It's beyond Turkey andbeyond Syria and beyond all of the countries thatcould have been involved in a disastrous warwhere millions of people could've been killed.

Millions and millionsof people could've been killed.

And we were able to dosomething, and I think we'll get it done, and Ithink now we get it done.

So we have a pause fora period of time — a ceasefire, a pause.

And during that pause, a lot of things are happening.

Already, they'restarting to happen.

People want tosee it happen.

And it was a great thing.

So I just wantedto thank everybody.

And, Bernard, I wantto thank you for the incredible job you do.

You're one of the trulygreat business people but, really, visionaries.

It's much more thana business person.

I know a lot of greatbusiness people, but they're not necessarilyvisionaries.

There are very few.

You're an artist and avisionary, and I want to congratulate you becausethis is a great vision that you had for the stateof Texas and for our country.

(applause) Thankyou very much.

Today, we continue theextraordinary revival of American manufacturing, and we proudly celebrate the opening of thebrand-new Louis Vuitton — a name I know very well.

(laughter) It cost me alot of money over the years.

(laughter) It's a workshopright here in Johnson County, Texas.

We're honored to be joinedtoday — (applause) — thank you.

We're honored to be joinedtoday by some of the great members of my Cabinet.

They wanted to be here.

This is a veryimportant event.

And we really do — wework very hard on jobs.

Our country is settingrecords on jobs in so many ways.

We have CommerceSecretary Wilbur Ross.

Wilbur, thank you.

(applause) LaborSecretary Gene Scalia.

Gene.

(applause) Thank you.

Thank you, Gene.

And a very good friend ofmine who's been with me right from the beginning, and somebody that's going to be going, I guess, at the end of the year.

I'm going tomiss you so much.

A man who has been yourlong-term, talented governor, EnergySecretary Rick Perry.

Rick, fantastic job.

(applause) Fantastic.

Stand up, Rick.

He's done a fantastic jobfor a long period of time, and we reallyappreciate it.

The Department of Energyhas far, far progressed from those days threeyears ago when you took it over.

So, thank you very much.

We'll be announcingthe replacement.

And he, I think — it's a”he” in this particular case — I think he'lldo a fantastic job.

We worked onthat together.

Right, Rick? So thank you very much.

Also joining us is yourgreat Congressman, Roger Williams — a friendof mine, a very brave gentleman, too.

(applause) Thankyou, Roger.

And — is this yourterritory, Roger, huh? Wow.

I've known him for solong, and now I go to your territory.

Now I see why they likeyou, and I know why they like you, Roger.

Thank you very much.

Representative Williams:They like you too.

The President:Well, I hope so.

They better.

(laughter) It's Texas.

They like me inTexas, I will say.

And our terrific U.

S.

Ambassador to France, Jamie McCourt.

Jamie, thankyou very much.

(applause) Great job.

But we're especiallygrateful to Bernard and everyone at Louis Vuittonand the Louis Vuitton family: Alexander — I'vegotten to know Alexander.

He is going tobe something.

I don't know, hemay surpass you.

Do you mind that? No, I don'tthink so, right? (laughter) He's aspecial young man.

And Global Chairman –thank you very much, Alexander.

Where are you? We don't lose him muchwith that height.

Well, how tallare you, Alex? (laughter) Huh? Great.

Great.

Thank you very much.

Great job you're doing.

And Global Chairmanand CEO Michael Burke.

Michael, thankyou very much.

Good job.

(applause) Been with thecompany a long time, I understand.

Four-oh? Is that true? Forty? Forty years.

He said before, he was astall as Alexander when he started.

(laughter) Great job.

And Chairman and CEO forNorth America, Anish Melwani.

Where is — thankyou very much.

Great job you do.

(applause) Also, thePresident and CEO of Louis Vuitton AmericasZone, Lanessa Elrod.

Thank you, Lanessa.

(applause) Thankyou very much.

I want to thank you allfor your confidence in the United States and yourconfidence and investment in the Lone Star State, the great state of Texas.

You'll be very happy.

You'll be very, very happy.

As Bernard mentioned, wemet shortly after the election to discuss myvision for creating an American manufacturingrenaissance through historic tax cuts, andbetter trade deals, and deregulation.

And we're making tradedeals like nobody has ever seen before.

We just did one withChina, phase one.

We'll get it signed veryquickly, for the farmers.

Far, far bigger thananyone ever thought possible.

Also, financial servicesand many other things.

But the trade deals we'vemade with South Korea, with Mexico, Canada –assuming the Democrats ever get it passed, whichis a question, because they don't seem to liketo make deals very much.

They have to getthat one done.

That's a very importanttransaction, the USMCA.

And we're — and hastremendous support.

We're joined also by Jaredand Ivanka, who are both here today as –where is Ivanka? Jared? Stand up.

What a good job you do.

(applause) Even thoughthey're related to me, just slightly, I willtell you, what a job.

Ivanka is responsible for14 million jobs this year, over the last couple ofyears, with companies going out andtraining people.

And it's been anincredible success.

She started off two and ahalf years ago; she wanted 500, 000 jobs.

That's a lot.

But it was typical Ivanka.

It ended up — and now, the number, I think it just crossed 14 millionjobs going to Walmart, going to ExxonMobil, goingto the great companies.

And they train people.

And the numbers areincredible, and that's one of the reasons that ournumbers are so good.

Thank you very much.

And, Jared, greatjob you're doing.

Thank you very much, both.

Bernard had faith in thatvision — the vision of doing something right herein this incredible state — and promised to bring abrand-new factory to the United States.

And today, wow, has he delivered.

He's really delivered.

This is some place.

Johnson County ishome to some of the hardest-workingpatriots in America.

Louis Vuitton's50-million-dollar investment will beespecially big and especially incredibleto the small town of Alvarado, a community offewer than 5, 000 people.

And this workshop, as theycall it — it's a very big workshop — it's a greatname though, actually.

I could learn somethingfrom you about branding.

I like that.

(laughter) The “workshop.

“But this workshop will soon employ 500 of themost highly skilled workers anywherein the world.

No one can match theprecision and perfection of an American artisan.

Workers here will havegreat pay, quality healthcare, 401(k)s.

And, by the way, the401(k), since my election, have gonethrough the roof.

And nobody wants to seethem be cut in half, go down 82 percent.

They're going to go up.

They're only going in onedirection, but they are up 70, 80, 82, 91 percent.

They've been up.

And when they go and getto go and press that lever to vote for who — I havea feeling we're going to do very well — very well– as we've done in Texas and as we did in2016, in Texas.

One of the reasons Ilove this state so much.

And also, profit sharing.

Every year, Louis Vuittonwill pay more than $26 million in wages, and thatnumber will increase even higher as the facilitydoubles to 1, 000 workers in a very shortperiod of time.

Every purse, handbag, andpiece of luggage produced here in Johnson Countywill be made by hand, and it will bear the symbolof excellence envied all around the world.

And it will also have”Made in the USA” stamped on it.

So, we appreciate that.

(applause)Appreciate that.

Made in the USA.

Under my administration, we believe that we can build it, grow it, or makeit in the United States.

And we are doing thatin record numbers.

Today, we have more peopleworking in the United States that have everworked in our country before.

Almost 160 million peopleworking with jobs and doing well.

After losing 60, 000factories under the previous twoadministrations, we have now gained nearly 10, 000new factories under my administration in just avery short period of time.

And they're comingin, in droves.

Last year, we saw thebiggest increase in manufacturing jobs inmore than two decades.

Investments like the onewe celebrate today have given the United Statesthe hottest economy anywhere on Earth.

Nobody close.

Since the election, wehave created more than 6.

4 million jobs.

We have gained 775, 000new jobs here in Texas, including more than 70, 000manufacturing jobs.

Nearly 7 million Americanshave been lifted off food stamps.

Median household incomehas increased by $1, 400 to a new all-time high.

And median — I don't knowif you've seen this, but it was out yesterday –median household income, it's more than $5, 000higher, and that doesn't include the tax cuts, which is another $2, 000.

That's something.

(applause) That'ssomething.

Unemployment is at thelowest rate in more than half a century.

African American andHispanic American and Asian Americanunemployment rates have reached the lowest levelsever recorded in the history of our country.

The Texas unemploymentrate is the lowest in our history.

And I don't know if thegovernor is here right now.

He's going to be joiningme in a little while.

But our governor hasdone a great job.

Our lieutenant governorhas done a fantastic job.

Our senators — I mean, wehave really — we've got some fantastic people:Ken, everybody.

We've really donea brilliant job.

Led by the formergovernor, as we said.

Because Rick was– what were you? Twelve years, Rick, right? Twelve years asthe — how much? Secretary Perry:(Inaudible.

) The President: Yeah.

Good.

Okay.

Good.

I thought youcorrected me.

(laughter) I hateto be corrected.

I'm glad I was –glad I was right.

These amazing achievementsare the result of a policy that puts Americanworkers first.

Since our tax cuts andregulation cuts, American companies have broughtnearly $1 trillion back to our shores — money thatcould never have come back.

It was restricted.

Would neverhave come back.

Over a trillion –actually, it's now over a trillion dollars.

We've ended the waron American energy.

America is now thenumber-one producer of oil and natural gas inthe world, with Texas producing 30 percent morenatural gas and 60 percent more oil.

And that means more jobs, higher wages, and lower prices at the pump.

It's an incredible number.

We're forging a new tradeagenda based on fairness and reciprocity –maybe my favorite word: “reciprocal” trade.

That includes replacingNAFTA — which was a terrible deal — with abrand-new USMCA, which, if adopted, will be a massivewin for the state of Texas, its ranchers, its growers, producers, farmers, andfactory workers.

Companies around the worldare realizing that there's never been a better timeto hire, invest, build, and grow in the UnitedStates of America.

This is the hottesttime we've ever had.

It's incredible what'shappening in our country.

To maintain our nation'scompetitive advantage, my administration startedthe Pledge to American Workers.

Thanks to, again, Ivanka'sleadership, in this case, private sector partnersare going to be producing many, many more jobs overa very short period of time.

And today, I'm pleased toannounce that Louis — Louis Vuitton is alsosigning the Pledge, ensuring an opportunityfor all 1, 000 Texas workers here inJohnson County.

And I want to thank you.

So we have 1, 000 moreworkers that we can add onto the list.

(applause) LouisVuitton, thank you.

(applause) And it's trulyfitting that the name of this facility isRochambeau Ranch, named for the French generalwho helped General George Washington win thedecisive battle of the American Revolutionand secure American independence.

That's great.

Today, France remains notonly our oldest ally, but one of our mosttrusted and cherished.

We have a greatrelationship with France.

We have our littledisputes with Emmanuel every once in a while.

Say hello to Emmanuel.

(laughter) But we're doingvery well, and France is a great country and awonderful group of people.

We have a lot of fun.

And I do — I like — Ilike your President very much, actually.

Today, with the help of agreat French partner, we are achieving a truevictory for the people of Texas and theUnited States.

Once again, I wantto express my deep appreciation to everyoneat Louis Vuitton and to all of our incredible, devoted, skilled, and beloved American workers.

And it's now my honorto cut the ribbon and officially welcome LouisVuitton to the great state of Texas.

Thank you, Bernard.

Thank you.

Thank you, everybody.

(applause).