00:00Well, we want it open. We want it free. We don't want tolls. It's international. It's an
00:06international waterway. They're not charging tolls. Right now, they are losing $500 million a day is
00:12what it's projected. I don't know, it sounds like a lot of money, but whether it's 500 or 200 or
00:17300,
00:18they're losing a lot of money. There hasn't been a ship that's been able to get through without
00:22our approval. And the Navy has done an amazing job. And no ship is going to Iran, as you know,
00:31no ship is going to, or out of Iran, without our approval. How do you want things to end up
00:35with
00:35the straight-up waters, though? Would you like them to have control about it? We want it free. We don't
00:40want tolls. It's international. It's an international waterway. They're not charging tolls. Right now,
00:47they are losing $500 million a day is what it's projected. I don't know, it sounds like a lot of
00:52money. But whether it's 500 or 200 or 300, they're losing a lot of money. There hasn't been a ship
00:58that's been able to get through without our approval. And the Navy has done an amazing job.
01:04And no ship is going to Iran, as you know. No ship is going to, or out of Iran, without
01:11our approval.
01:11Can they keep their highly enriched uranium? No, no. We get the highly enriched. We will get it.
01:18We don't need it. We don't want it. We'll probably destroy it after we get it.
01:22But we're not going to let them happen. Okay?
01:24The Press. Mr. President, I have two questions. First, on deregulation.
01:27The second, on the Supreme Court. You, coming from business, you've seen the effects of what
01:32unnecessary red tape can do business. Do you believe that even the amount of deregulatory
01:37actions, taking along with this, going back to endangerment, finding the CAFE standards,
01:42tax cuts of tariffs, do you believe that you've made the United States the most pro-business,
01:47pro-investment country in the world?
01:48Yeah. Thank you very much for that question. Because we are, we are, for every one new
01:53regulation that we add, we're getting rid of 20 to 30 to 40. And now it's actually
01:59an even a number. In my first term, for every regulation that was added, we got rid of a
02:04minimum of 10. And I understand, Lee, that it was up, it's up to 43 or 44 right now. So,
02:11if
02:12we add a regulation, we get rid of 43, 44, we're making it a much more pro-business, pro-people.
02:20You know, regulations are very costly for the people. They're bad for everybody. They're bad
02:24for jobs, bad for everybody. And we have, as of today, we have more people working in the United
02:29States than at any time in the history of our country. To me, it's one of my favorite stats.
02:33But we have more people today working in the United States than at any time in the history.
02:38And this is with the Iran conflict. That'll end soon, very soon. And when it ends, your
02:44gasoline prices will go down lower than they were before. You know, I left Iowa a few months
02:50ago and gasoline was at $1.85 a gallon. And we'll be hitting numbers like that again.
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