Nautical Bulk Holdings

Europe fears trade dispute escalation as US weighs auto tariffs

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.