Tag: Commerce Secretary Wilbur Ross

Commerce Secretary Wilbur Ross announced he initiated a so-called Section 232 investigation on auto trade, which would provide the legal basis to impose tariffs if his department finds imports threaten US national security

Commerce Secretary Wilbur Ross Confirms Investment in Tariff Exempt Company

A spokesperson for Commerce Secretary Wilbur Ross confirmed in a statement to Fox News host Steve Hilton that Ross invested in a shipping firm involved in importing steel from South Korea, which received an exemption to tariffs imposed by the Trump administration. The conflict of interest was first exposed in a report by the Government Accountability Institute.

Xi Jinping

Report: China Is Trying to Form an Anti-American Trade Alliance

In reaction to the unexpected U.S. announcement that it would move forward with tariffs, China may offer to open its markets up to foreign companies that line up with it against the U.S., the WSJ said, citing Chinese officials.