NEW YORK (TheStreet) -- While a lower tax rate and the ability to repatriate would benefit Hewlett-Packard, (HPE) other policies from the Trump administration could hurt the company, CEO Meg Whitman said on CNBC's "Squawk on the Street" Wednesday morning. 

Whitman was a long-time Republican, but this election cycle she spoke openly about her opposition to President-elect Donald Trump and her support for Democratic candidate Hilary Clinton. 

But now that the election is over, Whitman sent a note to her employees saying: "the election did not turn out as I had hoped, but now we've got to come together and we've got to give the president-elect the benefit of the doubt and encourage him to lead a very diverse nation," Whitman said. Trump now has her support, she added. 

However, some of his policies could be "somewhat harmful" to the company, Whitman claimed. For example, placing a big tariff on goods made outside of the U.S. that are coming into the U.S. would be "problematic." "We'd have to completely change our supply chain," she said. 

Second, if H1B visas were "limited dramatically," then the company would have to "rethink" how it did R&D, Whitman claimed. 

On the other hand, Trump's expected plan to reduce tax rates would benefit Hewlett Packard, she said. "Corporate tax rate reductions to make us more competitive on a world stage would be helpful. A tax holiday on all the cash that we have overseas - bringing that back at a 10% rate - that would be helpful to us as well."

The repatriated cash would then be used for "investment or to share buyback or repurchase," she added. 

(Separately, Hewlett Packard Enterprise is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells HPE? Learn more now.)

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