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Senate Democratic Leader Chuck Schumer attends a press conference with House Democratic Leader Nancy Pelosi at the National Press Club on February 27, 2017, a day ahead of US President Donald Trump's scheduled address to a joint session of Congress. | Photo credit should read MANDEL NGAN/AFP/Getty Images
Schumer: Trump ‘Made The Right Decision’ Blocking Tech Hostile Takeover [VIDEO]
Thomas Phippen
Reporter
1:45 PM 03/13/2018
VIDEO:
Senate Minority Leader Chuck Schumer of New York applauded President Donald Trump Tuesday after the commander in chief blocked a foreign company’s takeover of U.S. chip maker Qualcomm.
“Let me say unequivocally, President Trump and his administration made the right decision on blocking Broadcom from taking over Qualcomm,” Schumer said in a Senate floor speech Tuesday.
The two politicians disagree about nearly every issue from immigration and tax reform to gun rights and infrastructure. But Schumer recognized the merger would represent a threat to U.S. technological dominance and praised Trump’s reasons for blocking it. (RELATED: Trump Spikes Massive Foreign Takeover Of Tech Firm)
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READ MORE: http://dailycaller.com/2018/03/13/chuck-schumer-applauds-president-trump-qualcomm/
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“We all know that China has been rapacious about trade and very smart. They look for places where they can steal our best technology,” Schumer added.
Trump ordered Broadcom and Qualcomm on Monday to suspend all activities related to the takeover after a government investigation determined the merger would impair national security.
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