U.S. President Donald Trump, arrives to a plenary session in the Congress Hall on the last day of the annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Friday, Jan. 26, 2018. (Laurent Gillieron/Keystone via AP)
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WASHINGTON: President Donald Trump highlighted his tax cuts and deregulatory efforts with a salesman's pitch to an elite economic forum in Switzerland on Friday: The United States, he said, is now a far more inviting place for foreign companies to spend, invest and build."We are competitive once again," Trump told an assemblage of international business executives, financiers and academics.While discounting some of the president's more grandiose claims, many economists agree that he has generally made the United States more welcoming for businesses.Last month, Trump signed a tax package that cut the corporate income tax to 21 percent from 35 percent. Siemens employs roughly 50,000 people in the United States.Still, McLernon said she hoped Trump would adopt a more welcoming approach to international trade, which helps spur foreign investment. Trump has attacked several existing U.S. trade deals with other countries, including a bilateral pact with South Korea, as threats to America and U.S. jobs.
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