Tom Cole: “We build less than 5% [of the world's ships] now.”

“You know, we, the end of Second World War, we were building about half the ships in the world, which is about what the Chinese build today. Now We build less than 5% [of the world's ships] now. So and they're mostly our warships, but we don't have the capacity in construction to build what we used to.” (02:01–02:39)

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.