1. Regulations were severely cut. Those choke the life out of American business, making it uncompetitive. Maybe you like some of the regulations, but they have costs. Those costs aren't very visible to most people, because most people aren't trying to run a business, but they are huge.
2. Imports from less-regulated low-cost places like China were impacted by tariffs, favoring American workers. Retaliatory tariffs were largely unsuccessful.
Perhaps you are right on regulation but it is not clear that it has moved either of the metrics you mentioned. Looking at unemployment there is no deviation from the established trend during Trump's years in office.
2. Imports from less-regulated low-cost places like China were impacted by tariffs, favoring American workers. Retaliatory tariffs were largely unsuccessful.