While at the Munich Security Conference Thursday, Siemens CEO Joe Kaeser told business news channel CNBC that "there is a very, very good chance that a lot of jobs are being created because the companies have more money to spend on innovation and growth."

Trump hosted an intimate dinner for a dozen or so top execs at Davos in January, which was attended by Kaeser.

"There’s been a lot of warmth, a lot of respect for our country, and a lot of money - billions and billions of dollars coming into the U.S.," Trump said to those in attendance.

Kaeser had an equally supportive exchange with Trump , according to the White House transcript of the event:

“MR. KAESER: Thank you, Mr. President. Thank you for inviting me today. Obviously, I work for Siemens. We’ve got 56,000 people working in the United States; $34 billion revenues. (Inaudible.) So, congratulations on your tax reform. You said this is what you’re going to do. (Inaudible.)

THE PRESIDENT: We said it. And, by the way, when he says he works for Siemens, he’s the president of Siemens, but that’s okay. (Laughter.) It’s a good way of saying it. But go ahead.

MR. KAESER: But don’t you work for your country?

THE PRESIDENT: Yeah, we work for our country. That’s right. (Laughter.) Same thing. And Siemens is doing good?

MR. KAESER: We’re doing really well. As a matter of fact, we’ve been investing quite a lot into the country. And since you have been successful with tax reform, we decided to develop next-generation gas turbines in the United States.

THE PRESIDENT: Oh, that’s a big thing. That’s very big. That’s fantastic.

MR. KAESER: It is.

THE PRESIDENT: Where will that be developed?

MR. KAESER: Charlotte.

THE PRESIDENT: Oh, Charlotte is great. That’s fantastic. Well, thank you. On behalf of Charlotte, thank you very much — and our country.

MR. KAESER: Our pleasure. Thank you.”

Only one issue with the exchange. The Charlotte plans had been announced in August, three months before the tax plan became law, according to the Charlotte Observer.

In fact, noted the newspaper, “Siemens’ turbine announcement won’t add new jobs in Charlotte, according to a person familiar with the matter who was not authorized to speak on the record. The announcement also doesn’t mean that manufacturing work is moving to Charlotte from overseas.”

Despite the question of the relationship between U.S. tax changes and Charlotte decisions, Kaeser explained to CNBC that he felt the tax plan, which could add at least $1 trillion to the U.S. national debt, would still be a “net positive” for job creation.

Kaeser additionally told the business site that while job creation is “why I've been congratulating the American president for his tax reform, I didn't congratulate him for his first year in office or anything else, but that, I believe, was a job well done."

Siemens decided not to list the Healthineers in the U.S., as reported in January, when it announced that it was planning cost-cutting ahead of its listing on the Frankfurt exchange.

Future strategic plans call for structural changes to save about $293.9 million a year – with the impact of these savings beginning to show in 2020.

The company added no new details of its planned listing in that announcement. Reuters reported at that time that the listing would take place in March, according to unnamed sources.

The announcement of the Frankfurt selection came in November, 2017. At that time, Michael Sen, chairman of the Siemens Healthineers supervisory board and member of Siemens’ managing board, noted that, “Frankfurt is one of the world’s largest trading centers for securities, and its importance will continue to increase due to Brexit. As a highly liquid trading venue, Frankfurt is attractive for investors from around the world. The public listing will give Siemens Healthineers entrepreneurial flexibility and access to the capital market.”

The U.S. had been in contention for the listing in 2017.

In March of that year, however, Kaeser told the Swiss newspaper Finanz and Wirtschaft that he “will have to think twice” about where to list the health care unit, and mentioned Frankfurt and Hong Kong as possibilities, according to Reuters.