One, so in China, China does have cheaper labor. You know, I think the Secretary of Treasury called it slave labor, which is probably apropos. I think that We have very, very heavy regulations... the President is looking to really clear that up. Quite correct. Correctly. I mean, if you look, he's yod our federal acquisition regulations, which are. (05:08–05:15)
CLAIM
Asserts that heavy regulations exist in the U.S., and the President aims to reduce them.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
