German Business Leader Highlights Trump’s Business-Friendly Legacy and Second Term Prospects

Donald Trump’s First Term Praised for Economic Growth, German Executive Anticipates New Business Gains

In a recent interview, prominent German business leader Joe Kaeser reflected on his experiences working with Donald Trump’s administration, emphasizing its responsiveness to business concerns. Kaeser, chairman of Siemens Energy and former CEO of Siemens AG, recalled how Trump’s first term brought policies that were “extremely receptive” to business needs. Speaking to CNBC, he described how Trump’s approach offered clear, predictable paths for companies, especially on issues like tax reform and deregulation, which have been vital for economic growth.

During Trump’s initial term, business-friendly initiatives such as corporate tax cuts, deregulation, and a predictable operating environment positioned the U.S. as a robust base for international and domestic businesses. Kaeser noted that these policies were especially beneficial for Siemens and other multinational companies, which appreciated Trump’s pro-growth stance and his administration’s accessibility.

“If I personally, for my company at the time, had an issue to resolve, his administration was extremely receptive,” Kaeser said. He cited the 2017 tax reform, which reduced corporate tax rates, as a positive factor that bolstered U.S. economic performance, saying, “Trump did a lot of things which helped the economy.” These tax cuts created favorable conditions for investment, resulting in substantial economic growth.

Looking to Trump’s upcoming term, Kaeser highlighted both the opportunities and uncertainties that come with a second presidency. Analysts predict that Trump’s tax policies and potential deregulation efforts could again fuel economic growth, though his inclination toward imposing tariffs could pose challenges. Kaeser acknowledged that navigating this environment will require strength from international businesses and governments. “Typically people like him, who have a very distinct style of leadership… you can only deal with those people from a position of strength,” Kaeser said.

Kaeser’s comments underscore the favorable impact Trump’s first administration had on the business sector, with many companies viewing the period as one of economic momentum. While Kaeser has occasionally voiced criticism of Trump, he remains optimistic about the potential benefits of a second term that emphasizes economic growth and business prosperity.