If there are measures that make sense in the American economy, it is the easing of the plethora of regulations that, contrary to legend, owe little to heavy European regulation. If you ask an AI software to estimate the number of regulations in force at the federal and state levels, you'll likely get something like this:
Federal Regulations (U.S.)
Source: Code of Federal Regulations (CFR)
As of recent estimates (2023), the CFR contains over 1.08 million regulatory restrictions, which are typically identified by words like "shall," "must," "may not," etc.
The total word count is over 100 million words.
Agencies: These rules are issued by more than 100 federal agencies, like the EPA, FDA, SEC, etc.
The Mercatus Center at George Mason University maintains a tool called RegData that analyzes the CFR and estimates restrictions per agency and industry.
State Regulations
Every state has its own administrative code or regulatory compilation. These vary widely in size.
According to Mercatus RegData (as of ~2021–2023):
California: ~400,000 restrictions
New York: ~300,000+
Texas: ~270,000+
Smaller states like South Dakota or North Dakota might have < 100,000.
On average, states tend to have 100,000 to 300,000 regulatory restrictions, though the number of rules or pages may differ.
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If you ask the same question regarding European Union regulations, you will get the following answer:
EU Primary and Secondary Legislation
Regulations (directly applicable laws): Approximately 1,000–1,500 in force.
Directives (goals to be implemented nationally): Approximately 1,500–2,000 in force.
Delegated/Implementing Acts (Commission instruments): Likely in the range of 3,000–5,000 issued since the Lisbon Treaty.
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Of course, these numbers are not comparable except at the US federal level and the European Union central level, and even then the metrics are different. However, they seem sufficient to question the myth.
In any case, the announcement in the usual hyperbolic language a few days after the inauguration («President Donald J. Trump Launches Massive 10-to-1 Deregulation Initiative») created an expectation of great simplification.
Meanwhile, "reciprocal" tariffs announced on April 2 included a 37-page annex with exemptions for a fifth of total U.S. imports; the following week, another 20 products were exempted, including smartphones and computers, in addition to some types of steel and aluminum, and products imported from Mexico and Canada under USMACA, and countless other exemptions or exceptions for a variety of products from different sources. In the end, this administration will have created a gigantic red tape system in foreign trade alone.