CEO of Siemens Joe Kaeser delivers a code during the Siemens Annual Shareholders' Meeting connected February 3, 2021 successful Munich, Germany.
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It's inactive uncertain what Donald Trump's 2nd presidency volition look like, but his archetypal medication was highly responsive to concern issues with a acceptable mode of operating, apical German concern enforcement Joe Kaeser told CNBC.
"If I personally, for my institution astatine the time, had an contented to resolve, his medication was highly receptive," the president of the supervisory committee of Siemens Energy said successful an interrogation with CNBC's Annette Weisbach Thursday. Kaeser was Siemens' CEO passim President-elect Trump's archetypal term.
Trump did "a batch of things which helped the economy" during his archetypal 4 years successful office, Kaeser said, noting that helium believed the president-elect's taxation cuts astatine the clip were a positive.
Trump introduced a slew of taxation changes, including little national income taxation brackets and bigger modular deductions arsenic good arsenic changes to kid taxation credits, property and acquisition taxation exemptions and a deduction for pass-through businesses. One survey done astatine the time, however, showed that the Trump taxation cuts, which were implemented successful 2017, only had a constricted publication to the beardown U.S. growth the pursuing year.
Taxes are again acceptable to beryllium top of the agenda for Trump arsenic helium takes bureau for the 2nd time, alongside different economical argumentation plans, specified arsenic steep tariffs connected imports and deregulation. Analysts person said that portion it is tricky to find however galore of his proposals volition beryllium implemented, immoderate of them could person global repercussions and interaction countries and businesses.
Speaking to CNBC from New York, Kaeser said that Trump had "his mode of doing things" but that helium could "actually beauteous overmuch foretell what happens and what doesn't happen, and truthful so that was really a comparatively casual mode of knowing what needs to beryllium done for the companies and the countries."
Despite the affirmative experiences with Trump's archetypal administration, the erstwhile Siemens CEO said it was inactive unclear however the 2nd word would play out.
A cardinal quality present was that the Senate, House of Representatives, Supreme Court and White House were present each "looking successful the aforesaid direction," helium explained. "I judge the jury's retired connected what that means."
"I deliberation the decision we tin instrumentality contiguous for Germany and Europe, and by the way, besides immoderate different country, is that you amended get prepared, due to the fact that typically radical similar him [Trump], who person a precise chiseled benignant of enactment and reacting to, let's accidental antithetic news, is that you tin lone woody with those radical from a presumption of strength. If you are weak, you amended not get successful beforehand of specified an institution," helium added.