Breaking News         Latest US News              New York News              Fx Tribune

How to optimise the costs of your business
U.S. President Donald Trump now has a commerce secretary.Vice-President Mike Pence has administered the oath of office to Wilbur Ross on Tuesday, a day after the Senate voted 72-27 to confirm him.Ross says he will help promote American business interests...

U.S. billionaire Wilbur Ross sworn in as Trump’s commerce secretary | Toronto Star

U.S. President Donald Trump now has a commerce secretary.Vice-President Mike Pence has administered the oath of office to Wilbur Ross on Tuesday, a day after the Senate voted 72-27 to confirm him.Ross says he will help promote American business interests...

U.S. billionaire Wilbur Ross sworn in as Trump’s commerce secretary  | Toronto Star

U.S. President Donald Trump now has a commerce secretary.

Vice-President Mike Pence has administered the oath of office to Wilbur Ross on Tuesday, a day after the Senate voted 72-27 to confirm him.

Ross says he will help promote American business interests in the U.S. and abroad. He’ll also oversee agencies that manage fisheries, weather forecasting and the Census Bureau, which will conduct the next national head count in 2020.

Breaking with Republican orthodoxy, Ross said the Trump administration will work quickly to redo the North American Free Trade Agreement. That’s the massive trade pact with Canada and Mexico that has boosted trade but still stings laid-off workers across the Midwest.

Read the latest news on U.S. President Donald Trump

Senators from both political parties were deferential to Ross at his nearly four-hour confirmation hearing, which was much more subdued than the confirmation hearings of other Trump nominees. Former commerce secretaries have praised him, including one who served under former president Barack Obama.

Sen. Elizabeth Warren of Massachusetts criticized Ross’ business ties to Russia and the way he ran a mortgage lender during the housing crisis.

“Mr. Ross has extensive ties to Russia. He plans to keep making money from his major oil shipping companies while working as Commerce Secretary. He’s made billions off the backs of struggling homeowners,” Warren said Monday. “He is practically a cartoon stereotype of a Wall Street fat cat.”

Read more:

In Washington leaks, Trump tries to plug an established practice in journalism

Protests erupt at Vancouver’s Trump Tower ahead of grand opening

Trump will hike defence spending by $54B, White House says

As part of his ethics agreement, Ross is giving up his position at Diamond S. Shipping, but he will retain a stake in the company, which ships petroleum and other products. As part of the agreement, Ross has promised not to take any action as commerce secretary that would benefit any company in which he has a financial interest.

The 79-year-old Ross is worth an estimated $2.9 billion and has extensive business ties around the world.

The Toronto Star and thestar.com, each property of Toronto Star Newspapers Limited, One Yonge Street, 4th Floor, Toronto, ON, M5E 1E6. You can unsubscribe at any time. Please contact us or see our privacy policy for more information.

Our editors found this article on this site using Google and regenerated it for our readers.

Publish Date : 28 Şubat 2017 Salı 16:07

Breaking News Headlines

What banks allow you to use Apple Pay, Samsung Pay and Google Pay?
What banks allow you to use Apple Pay, Samsung Pay and Google Pay?
The Caixa bet by following "commitment to society" of its founder
The Caixa bet by following
Agrolimen transfer from Sant Joan Despí to Huesca factory broths and soups Gallina Blanca
Agrolimen transfer from Sant Joan Despí to Huesca factory broths and soups Gallina Blanca
Trump and Xi are given a truce in their war commercial
Trump and Xi are given a truce in their war commercial
The gender gap in health, a hole of almost 9,000 million euros a year to Spain
The gender gap in health, a hole of almost 9,000 million euros a year to Spain
The funds star funding business basque are still in 'stand-by'
The funds star funding business basque are still in 'stand-by'
Deutsche Bank: "Spain has lost the favour of the great managers"
Deutsche Bank:
Cars of Spain, in the white of the tariffs of Trump
Cars of Spain, in the white of the tariffs of Trump
A high charge of Compromís attacks to an investor british: "Intu go home"
A high charge of Compromís attacks to an investor british:
The digital transformation and "improve your Spanish", the challenges of the new ceo of BBVA
The digital transformation and
The Government will establish a working group to study the regulation of the sales
The Government will establish a working group to study the regulation of the sales
Norwegian "break the monopoly" of Iberia with Boston to add to their direct routes between Madrid and USA
Norwegian
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES