President Donald Trump is having great success at the World Economic Forum in Davos, Switzerland.
While he’s been criticized for his tax reform here at home, CEOs around the world are taking notice and looking at transferring new business to the United States.
Siemens CEO Joe Kaeser was seated right next to President Trump, and he decided to reveal some big news about the future of his company. Siemens, which employs 56,000 people in the United States, has chosen to produce its gas turbines in the United States because of the corporate tax cuts afforded by Trump.
“Congratulations on your tax reform. … Since you have been successful with the tax reform, we decided to develop the next-generation gas turbines in the United States.”
President Trump replied, “That’s a big thing. That’s really big. Where will that be developed?”
“That’s fantastic. Well, thank you, on behalf of Charlotte. Thank you very much, and our country.”
The rest of his guests at the dinner party introduced themselves and shared with the president how many of their employees are based in the United States. His party included representation from Volvo, Nestle, Deloitte, Nokia, Bayer and others.
While Trump has been criticized for being a businessman and not a politician, in a setting like this, it’s easy to see his level of comfort, and the amount of respect the industry leaders gathered there had for their host.