President-elect Trump did a long and very wide-reaching interview at the New York Times today.

When asked about conflicts of interest between his official duties and his business dealings, he said “the law’s totally on my side” and that “the president can’t have a conflict of interest.”

We’ve talked about emoluments and the problems they might pose for Trump. And last week, Trump met with Indian business partners last week to discuss the opening of Trump-branded luxury apartments in Mumbai. But legally, what he said is in fact the case — conflict of interest laws don’t actually apply to the president.