Siemens' Chief Financial Officer, Ralf Thomas, stated at a Bank of America conference in London that there is hesitation among customers in the United States due to political uncertainties. Thomas acknowledged that political uncertainties can lead decision-makers to be hesitant, causing a slowdown in decision-making processes. This hesitation is not exclusive to the U.S., as it also impacts other regions with similar political tensions. However, Thomas expressed confidence that this situation is temporary and believes that long-term demand for Siemens' products remains stable. Siemens also has a substantial order backlog of 118 billion euros ($129 billion) to fulfill.