"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. Those steps should encourage more overseas businesses to move to the United States or expand existing operations, economists said. OFII represents overseas companies with subsidiaries in the United States, such as Samsung, Bosch, Nestle and Toyota. Still, McLernon said she hoped Trump would adopt a more welcoming approach to international trade, which helps spur foreign investment.

Source: ABC News January 26, 2018 21:37 UTC