President Donald Trump’s newest round of tariffs on $US200 billion worth of Chinese goods adds a new element to the trade war. For the first time, consumer goods are going to be directly hit by the new 10% duty, likely causing an immediate increase in prices for US shoppers. The […]

Commerce Secretary Wilbur Ross dismissed fears about the effects of President Donald Trump’s trade war on American consumers. “Nobody’s going to actually notice it at the end of the day,” Ross said of possible price increases from tariffs on Chinese goods. But many economists argue that increased costs will have […]

Chinese officials are in Washington, DC, for negations with the Trump administration concerning the countries’ trade war. The two sides are not expected to come to a solid agreement over the next two days, but the talks are a concrete step toward alleviating the trade tensions. US President Donald Trump […]

Two high-ranking Trump administration officials have recently compared Trump’s trade war with China to a weight-loss program. “I liken it a little bit to going on a diet,” Commerce Secretary Wilbur Ross said July 31. Agriculture Secretary Sonny Perdue said Trump’s tariffs were “a little bit like weight loss.” The […]

A new report detailed a series of allegations against Commerce Secretary Wilbur Ross, the latest a growing line of ethics questions over Ross’s financial dealings. Ross claimed he had divested from all financial assets in November 2017. But a series of reports detailed how Ross not only maintained certain investments […]

Commerce Secretary Wilbur Ross swindled more than $US120 million out of former associates, according to a new report from Forbes. The magazine also outlined some smaller allegations, which a Commerce Department spokesman has since called “petty.” Wilbur Ross, who has an estimated net worth of $US700 million, swiped free artificial […]

US Secretary of Commerce Wilbur Ross has been accused of swindling associates out of more than $US120 million, according to a new bombshell report from Forbes. The magazine interviewed 21 former colleagues, many of whom said Ross had a propensity to filch money for himself. The Department of Commerce issued […]

The Trump administration is starting an investigation into uranium imports to the US. The investigation will be conducted using the same method that allowed Trump to impose tariffs on steel and aluminium imports. Uranium from US producers made up only 11% of the deliveries to US nuclear power reactors in […]

Republicans are by and large against the trade policies that President Donald Trump has implemented over the past several months, worrying they will hurt economic gains. But in a new era in which enraging the president can be politically dangerous, GOP lawmakers have taken to congressional committee hearings with White […]

US companies can request exemptions to President Donald Trump’s steel and aluminium tariffs if they can’t find metals domestically. US businesses have filed more than 20,000 exemption requests, according to Commerce Secretary Wilbur Ross. The Commerce Department has ruled on fewer than 100 of those requests. According to a new […]

Commerce Secretary Wilbur Ross shorted shares of Navigator Holdings, a firm with ties to the Kremlin, days after being contacted for comment on a potentially negative story, Forbes reported. Russian President Vladimir Putin’s son-in-law owns a stake in the company that was once as large as 20%. In a statement, […]

President Donald Trump says his recent tariffs are designed to protect US workers and industries. An internal report from the White House Council of Economic Advisers, however, showed that the tariffs will be a drag on US economic growth. Many economists and trade experts estimated that the tariffs would cause […]

The Trump administration has reached a deal to ease sanctions on the Chinese tech giant ZTE, Commerce Secretary Wilbur Ross said Thursday. ZTE will be forced to pay a $US1 billion fine, make changes to its executive team, and allow a US compliance team to oversee activities. The ZTE deal […]

The Trump administration on Thursday announced tariffs on Canada, Mexico, and the European Union for steel and aluminium imports. The White House cited national security as the primary reason for the tariffs. Republicans and Trump allies broke from the administration, calling the tariffs “dumb” and a threat to the economy. […]

Commerce Secretary Wilbur Ross tried to downplay the implications of President Donald Trump’s decision to impose steel and aluminium tariffs on the European Union, Canada, and Mexico. Ross said the tariffs were “blips on the radar screen” in the relationship between the US and EU, saying the EU “will get […]

A bipartisan group of senators – 14 Republicans, 12 Democrats, and a Democrat-leaning independent – sent a letter to top Trump officials about current trade negotiations with China. The bipartisan group warned against granting China’s request for the US to loosen export controls on key technologies. “Any such move would […]

President Donald Trump’s key economic advisers reached a rough trade agreement with Chinese negotiators on Saturday. The deal lacked key details and commitments from the Chinese, which drew criticism. According to a new report, infighting among Trump’s advisers, including Steven Mnuchin, Peter Navarro, Larry Kudlow, and Robert Lighthizer, hurt the […]

Donald Trump’s top economic advisers are fighting over the direction of US trade policy. The president’s protectionist adviser Peter Navarro has consistently butted heads with Treasury Secretary Steven Mnuchin. The divide between the free-trade wing of Trump’s administration and the protectionist wing is causing friction at a critical time for […]

House Speaker Paul Ryan set a Thursday deadline for a new North American Free Trade Agreement deal for Congress to vote on it this year. Trump administration officials, including Larry Kudlow and Commerce Secretary Wilbur Ross, were not optimistic that a deal would be reached in time. Key issues are […]

Members of President Donald Trump’s administration demanded that China reduce its trade deficit with the US by $US200 billion in less than two years. The demand comes as trade tensions between the two countries continue to rise. Chinese officials said the demands were “unfair” and that “big differences” remain between […]

President Donald Trump’s top economic advisers will be in China on Thursday to try and cool the recent trade tensions between the two countries. The talks will likely center on the US-China trade deficit and the trade of technology between the two countries. They could lead to a battle inside […]

Two top US trade officials offered warnings about the future of NAFTA talks on Tuesday. US Trade Representative Robert Lighthizer said a deal must be reached in the next two weeks – or approval by the current Congress would be “on thin ice.” US Commerce Secretary Wilbur Ross said the […]

Multiple members of the Trump administration on Wednesday began looking to downplay the potential fallout from the brewing trade battle between the US and China. China’s retaliatory tariff announcement had sent the stock market tumbling as people worried about broader economic pain. Following soothing words from officials like Larry Kudlow […]

Experts say Trump’s global trade war makes a UK-US Brexit trade deal almost impossible. “[The US] believes the UK needs free trade deals and so is in a weak position. The US is maximising its leverage to exploit that weakness,” said Dr Tom Wright, director of the Center on the […]

The Commerce Department announced Monday that it would include a question regarding citizenship on the 2020 Census. Many lawmakers and advocates worry the move could lead to an inaccurate count of immigrants in the US. A statistically significant miscount in the census could hurt academic research, business decisions, and the […]

With Gary Cohn out at the White House, Donald Trump can run the economy like the slapstick show he’s always wanted. The stars are Treasury Secretary Steve Mnuchin, Commerce Secretary Wilbur Ross, and Trade adviser Peter Navarro. These three stooges will surely provide the protectionist antics that make their boss […]

President Donald Trump doesn’t intend to exempt any countries from tariffs on steel and aluminium, senior administration officials said on Sunday. “As soon as you exempt one country, you have to exempt another country, and so … it’s a slippery slope,” White House National Trade Council director Peter Navarro told […]

Commerce Secretary Wilbur Ross used cans, including a can of Campbell’s Chicken Noodle Soup, to explain that President Donald Trump’s new tariff on steel and aluminium is not too bad. Campbell’s Soup told Business Insider it does not support the new policy. “Any new broad based tariffs on imported tin […]

During an appearance on CNBC on Friday, Commerce Secretary Wilbur Ross dismissed concerns about President Donald Trump’s announcement of new tariffs on steel and aluminium. Ross used cans of Budweiser, Campbell’s soup, and Coca-Cola to illustrate his point. Ross argued that the price increases of consumer goods would be negligible. […]

Commerce Secretary Wilbur Ross said one of the Trump administration’s goals is to turn the moon “into a kind of gas station for outer space.” The idea has been floated before, with a recent study suggesting a refuelling station on the moon could save huge amounts of energy. Ross also […]

The Department of Commerce released its recommendations to President Donald Trump on Friday for new restrictions on steel imports. The report presents Trump with three options, including a 24% tariff on all steel imports. Economists and lawmakers are worried that new tariffs on steel could trigger retaliation from other countries […]

President Donald Trump has soured on Commerce Secretary Wilbur Ross, according to the news website Axios. Trump reportedly criticised the 80-year-old Ross for falling asleep during meetings. Ross is no longer the lead negotiator in trade talks with China, the report said. President Donald Trump has lost faith in Commerce […]

European officials accuse Commerce Secretary Wilbur Ross of insider trading in a report on the 2011 Euro banking crisis. The report alleges Ross sold his stake in the Bank of Ireland at the top, knowing about accounting issues at the company. Ross hasn’t been charged with any official complaint, as […]

Wilbur Ross is quietly having a horrible week. On Monday, he was forced to admit that he’s been lying about how rich he is. On Tuesday, he was revealed to have closer financial ties to Russian President Vladimir Putin than anyone thought. It’s only Tuesday. Low key, according to the […]

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President Donald Trump’s Cabinet is in flux again. He has 24 official members of his Cabinet, and 111 days after he became president, the Senate confirmed all of them. But there have been some changes since then. During his tumultuous first year in office, multiple high-level hires withdrew from the […]

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