Caterpillar Will Consider Retaining Jobs in U.S. Under Trump
- CEO tells CNBC it’s ‘reasonable’ to think economy can grow 3%
- First pro-business government since 1928 is ‘worth something’
This article is for subscribers only.
Under a Donald Trump government, Caterpillar Inc. will consider keeping jobs in the U.S. that may have otherwise been shifted abroad, Chief Executive Officer Doug Oberhelman said.
Tax changes and other policies proposed by President-elect Trump would help generate more jobs and it’s “reasonable” to think the economy can grow 3 percent, Oberhelman said in an interview with CNBC Wednesday. As the world’s biggest maker of machinery for the construction and mining industries, Caterpillar is a bellwether for U.S. manufacturing.