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Senator Hagerty Slams Biden as Mexico Seizes US Company Assets

Senator Bill Hagerty from Tennessee is not ready to throw in the towel, even if the Biden administration seems all too willing to hand over American resources to Mexico on a silver platter. The situation revolves around Vulcan Materials Co., the largest producer of gravel and sand in the U.S., which has been operating in Mexico for over 30 years. However, in a rather questionable move last year, the Mexican government seized Vulcan’s deepwater port in the name of “conservation.” It’s hard to believe that this government, known for its rich history of rolling out red carpets for businesses, would suddenly turn into environmental superheroes—especially not at the expense of American interests.

Senator Hagerty isn’t keeping quiet about this travesty. He’s pointed out that as the Biden administration works on renegotiating the U.S.-Mexico-Canada trade agreement, there’s a potential for a backdoor deal that could allow the Mexican government to keep this property without paying a penny. In a statement that is certainly more than just idle chatter, Hagerty criticized the move, suggesting it amounts to outright theft. He is concerned that if this port falls into the wrong hands, it could lead to China swooping in for a bargain. According to Hagerty, this strategic deepwater port could very well end up as a prized asset for China’s ambitious Belt and Road Initiative. How’s that for prioritizing foreign interests over American jobs?

The senator’s frustration doesn’t stop there. He claims that Biden’s inaction on this issue indicates a lack of commitment to American businesses. It’s a bold suggestion that he feels the president would prefer to see Vulcan Materials squashed under the heavy foot of the Mexican government. To combat this, Hagerty introduced the Defending American Property Abroad Act last year, aiming to prevent any foreign power from pulling a fast one like Mexico has. However, this seems a bit like bringing a spoon to a knife fight when it comes to tackling the Biden administration’s loose grip on important American assets.

As if anticipating scope, Hagerty has pledged to dedicate the coming week to stopping what he refers to as the “11th hour” sellout of American resources. But will more speeches and bills be enough to change the course of this negotiation? Given the track record of the current administration, there’s a lingering concern that words may just turn out to be wind.

In 2023, the U.S. produced 920 million tons of sand and gravel, showing how critical these resources are to the country’s infrastructure and economy. Yet instead of figuring out how to bolster this industry, the Biden administration appears to be inadvertently opening the door for foreign governments to profit from American soil. If only they showed the same dedication to protecting U.S. interests as they do to pushing progressive agendas. As the saga unfolds, one can only hope that common sense prevails, and American companies can operate without fearing an unwelcome hand from across the border.

Written by Staff Reports

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