Worldwide

US Senate confirms Wilbur Ross as Commerce Secretary

US Senate confirms Wilbur Ross as Commerce Secretaryā€¯

The US Senate confirmed Ross' nomination in a 72-27 vote on Monday night.

Ross, chosen by U.S. President Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of U.S.jobs, according to Labor Department data attained by Reuters. Former Commerce secretaries have praised him, including one who served under President Barack Obama.

During his confirmation hearing in mid-January, Ross pushed for taking a tough stance on China, which he called the "most protectionist country of very large countries". "But I have a feeling that's about to change in a big way".

Ross is notorious for buying failing companies, slashing jobs and selling them off.

Mr Ross will be one of the most seasoned business leaders on the president's economic team.

Ross has divested himself of most of his holdings to avoid conflicts of interest in anticipation of his confirmation.

Democrats' questions of Ross's ties with Russia come at a time when Trump is defending his administration's relations with Moscow, following leaks about repeated contacts between members of his campaign team a year ago and Russian intelligence officials.

But Ross has also been criticized for shipping jobs overseas at some of those struggling companies, something that Trump has slammed Ford (F), Carrier and others for doing.

"Mr. Ross will bring decades of business, entrepreneurial and civic experience to this important position", said Democrat senator John Thune, who is chairman of the Commerce Committee.

Senator Nelson said senators were "troubled and frustrated" by the White House move. Nor is Ross' Bank of Cyprus in particular - now probably at least half owned by Russians, as we'll see - any stranger to money laundering, tax dodging, or odious finance.



Like this

Latest


01 March 2017
Gustavito, a beloved hippo in an El Salvador zoo, is murdered
Currently, the police and officials from the zoo are trying to figure out who entered the zoo overnight and killed the animal. Zoo director Vladlen Hernandez was devastated by Gustavito's passing, telling the BBC the hippo "generated empathy".

27 February 2017
Group gathers at Statehouse rallying to keep Affordable Care Act
It has extended health care coverage to millions of Americans since its passage. About 150 people, many employed in the healthcare sector, gathered outside U.S.

26 February 2017
Pitt vs. North Carolina: Open Gamethread
North Carolina (24-5, 12-3 ACC) holds a two-game lead over a quartet of teams - Louisville, Duke, Florida State and Notre Dame. The Panthers will close out the regular season with games at Georgia Tech on February 28 and at Virginia on March 4.

26 February 2017
Heidelberg vehicle attack injures three
Although his motives are unclear, terrorism is not now suspected and it is believe that he acted alone. A statement said a 32-year-old Austrian and a Bosnian woman aged 29 were injured by the auto .

25 February 2017
Apple Watch Series 3 Tipped to Sport New Glass-Film Display
When used to make calls, the watch only lasted three hours while it lasted about six and a half hours when used to play music. Such technology could be delivered by Hong-Kong based Biel Crystal Manufactory or Taiwanese-based General Interface Solution.

24 February 2017
Sexton back in contention for Ireland
He got some fairly physical impacts on that day and he hadn't played for 12 weeks, and I thought he was super . "I think they ( France ) are really unsafe ".

24 February 2017
Brooklyn Nets Expected To Release Marcus Thornton
After missing out on Lou Williams , the Wizards turned their sights to Bogdanovic in an attempt to bolster their second unit. According to Legion Hoops , "Multiple teams after Bojan Bogdanovic , including the Wizards and Hornets".

23 February 2017
Skepta, Beyonce and Bowie up for prizes at Brit Awards
Little Mix's first ever BRIT award win tops a fantastic 12 months for the girls who have now been together for five years. Organizers said the show will also include a tribute to George Michael, who died on Christmas Day at age 53.

23 February 2017
Government must reconsider ICC withdrawal
Instead, we should recommit our country to the human rights-based foreign policy spearheaded by the late President Nelson Mandela. But if the government is eventually forced to go to Parliament for approval, it can expect a bruising battle.

23 February 2017
Verizon to launch first 5G pilot services by mid
Verizon's announcement comes shortly after AT&T described its plans for "5G evolution" testing in Austin and Indianapolis . The companies that Verizon is working with on this trial are members of Verizon's 5G Technology Forum (5GTF).



Recommended