Critics have argued investors could be getting ahead of themselves, since Trump may not be able to get all the reforms he wants from Congress — even though the House and Senate are controlled by the GOP.
Trump has so far released a one-pager on tax reform, which calls for an overhaul that would cut tax rates but rely on erasing tax breaks and economic growth to end up as "revenue neutral." Despite any roadblocks, Ross said Trump's cutting of regulations has been effective.
"The single most important thing that President Donald Trump has been achieving is the regulatory unwind," Ross said. "The amount of red tape that's been cut out is celebrated by every single CEO that comes to visit with me because that's what has been strangling this country."
On investing, Ross said the industry the United States would like to attract most is technology.
"The high-tech people, the internet people, the artificial intelligence people. Those are where a lot of the future will be," he said.
"We're certainly not going to neglect the historic industries," he added. "But we must look forward to the growth engines of the future."