Beginning around 2:00PM EST today, Trump and some of the technology sector's biggest names met at Trump Tower. The meeting was a positive and substantive one, with Trump praising all tech leaders at the table. Trump stated, per USA Today, "This is truly an amazing group of people".
Check out the video of the start of the meeting from CNBC:
Above list, per CNBC.
The meeting focused on tax reform, regulations, infrastructure, education, foreign profits, intelleuctual property rights, and government according to USA Today. Trump also told them to basically keep doing what you're doing, and to always feel free to call him and his administration.
Trump clearly wants to do what ever he can for the tech sector and said, per USA Today, that his administration will be there for them. Imagine the technological possibilities, and products, that are going to come within the next four to be eight years. If these executives took the time to meet with Trump, and were willing to talk with him, Trump will do whatever he can to make all parties involved happy. These executives just need to play ball with the administration, and watch out, technology will boom big time.
CNBC cited, that Trump wants to really focus on trade, saying "They're going to do fair trade deals" and "They're going to make it easier for you to trade across borders, because there are alot of restrictions and alot problems. If you have any ideas on that, that'd be great". Trade has been a huge part of Trump's campaign, and one of his key promises to fulfill as president which is trade reform.
Trump honestly is the best thing that could have happened to this tech companies in terms of government. For one Trump is a billion dollar businessman himself, and Trump is going to focus on supply side economics and pro growth policies. One goal is to bring back jobs, not just manufacturing, but all jobs, any jobs back from overseas and invest their money in America. The other goal is to lower taxes and slash regulations to make it easier for companies to expand and innovate.
The technology sector is large, vibrant, and diverse. Trump wants to do what's best for these companies, but in order to do that, these companies and the leaders that ascending Trump Tower this afternoon need to work with Trump. These companies have a rare opportunity, a less taxed and less regulated United States to do business in and send products out with a "Made in America" tag on them.
Trump did come out with a slogan for his administration which is "Buy American. Hire American". Companies such as Ford, Carrier, and US Steel have started cozying up to that slogan, and it seems tech companies are too.
On the eve of this meeting, IBM announced they plan to hire about 25,000 Americans within the next four years. IBM also plans to invest $1 billion in training and development of its US employees over the next four years, all per Fox Business.
Oracle's CEO Safra Catz, said prior to the meeting "that we are with him and here to help him in any way we can. If he can reform the tax code, reduce regulation and neogtiatie better trade deals, the US technology community will be stronger and more competitive than ever." Now that's a powerful message, and would hope any of Trump's critics that were at that table today heard that message.
Seriously, it'll honestly be sad if the only thing these leaders are worried about is Trump getting rid of their cheap labor and manufacturing costs. There is nothing but positivity from President Elect Trump and his current administration towards the technology sector, and those who met with him today, even with people like Amazon's CEO Jeff Bezo's who blatantly criticized Trump sitting there.
The next four to eight years of President Trump will result in a thriving US technology sector. Companies will hire Americans and export their products labled with "Made In America", but of course these companies will still have some sort of international branch, but if they manufacture abroad, they'll likely face a tariff.
Expect these companies that attended the meeting, even those who didn't, to understand and grow to like Trump. Expect them to follow IBM's lead, and listen to Safra Catz to hire and invest in America. Trump is serious that he and his administration will do anything to help them out, and as smart as these executives are, they see that.
The US will lead once again in many industries and in many markets, but the biggest of them all will no doubt be technology. Americans are starving for jobs, both low skilled and high skilled, we have the talent we need to use it. Like stated above, these companies finally have a government that will work in their favor, low taxes and reduced regulation. America is very well on its way to becoming great again!