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Dow Chemical CEO Talks 4% GDP Growth Under Trump's Presidency


Dow Chemical Co (NYSE: DOW) CEO Andrew Liveris supported President-elect Donald Trump during the campaign cycle and was appointed to head a manufacturing council.

Among many reasons why the executive supported Trump was his belief the billionaire businessman can stimulate the economy to the point where it can grow 4 percent a year.

Speaking to Bloomberg from the World Economic Forum in Davos, Switzerland, Liveris pointed out that the U.S. economy has seen 4 percent growth under Presidents Ronald Reagan and Bill Clinton, so it's possible.

Liveris suggested that Trump's administration will implement the necessary investments to boost the economy while also removing some of the regulatory hurdles that are hindering businesses.

Liveris laid out his vision for manufacturing in America in a book back in 2010 called "Make It In America: The Case for Re-Inventing the Economy" and Trump's team was impressed with his ideas.

"My headline in the book that spoke about this was: I saw in my industry countries that are competing like companies," he explained. "Companies competing like companies means I don't compete against a company from China - I compete against China. I compete against Singapore. I compete against other countries."

Sounds familiar? It should - this has been a central focus of Trump's campaign.

Liveris stated that his conversations with Trump focus mostly on global trade but on equal terms. For instance, Trump wants access to the Chinese market just like Chinese companies are able to access the American market under the same rules.

Posted-In: Andrew Liveris CNBC dow chemical manufacturingPolitics Economics Media General


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