Bill Hagerty says Biden is gifting mining company to Mexico – Washington Examiner
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Bill Hagerty accuses Biden of handing over mining company to Mexico
Sen. Bill Hagerty (R-TN) vowed he will continue to fight for a U.S. mining company that President Joe Biden is willing to abandon to Mexico.
Vulcan Materials Co. is the biggest U.S. producer of gravel and sand used for construction, but its deepwater port was seized by the Mexican government in the name of conservation in 2022. The seizure came after Vulcan Materials had operated in the country for over 30 years. Meanwhile, the Biden administration is in the middle of renegotiating the U.S.-Mexico-Canada trade agreement, which could allow Mexico to obtain this property for free because it declared it a nature reserve.
“What Mexico has done is stepped in and stolen this property, it’s expropriated it. And what the Biden administration is doing here in the 11th hour is trying to hand this over to Mexico,” Hagerty said on Fox News’s Sunday Morning Futures. “It’s amazing that they would let the Mexican government come in and expropriate a strategic deepwater port that I’m certain if Mexico’s able to get this for nothing, it will become for sale to the highest bidder. It could be a crown jewel in China’s Belt and Road.”
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According to Hagerty the inaction from the president demonstrates that Biden wants “Vulcan Materials to be crushed by the Mexican government.” The Tennessee senators introduced a bill last year titled the Defending American Property Abroad Act to prevent other countries from doing what Mexico is.
“I’m going to spend every moment I can this next week to try to stop them in the 11th hours so this does not happen in America,” Hagerty said.
In 2023, the most recent year the data was collected, the United States produced 920 million tons of sand and gravel.
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