Latest Wilbur L. Ross Jr. News

Dems pounce on GOP lawmaker's downfall, blast 'cesspool'

Aug. 9, 2018 3:15 PM EDT

WASHINGTON (AP) — Democrats are jumping on a Republican congressman's insider trading indictment to decry a culture of corruption they say President Donald Trump has fostered, a theme they hope will help them seize congressional control in November's elections. "The brazen corruption, cronyism and...

The Latest: Progress made on California's largest wildfire

Aug. 8, 2018 11:14 PM EDT

LAKEPORT, Calif. (AP) — The Latest on California wildfires (all times local): 8 p.m. Firefighters are making progress against the largest California wildfire ever recorded although thousands of homes and buildings remain under threat. State fire officials Wednesday night say the Mendocino Complex —...

American boat makers feel the crunch from Trump tariffs

Aug. 4, 2018 12:10 PM EDT

NEWPORT, R.I. (AP) — MJM Yachts has already felt the sting of tariffs. CEO Bob Johnstone was negotiating the sale of a 53-foot (16-meter), $2.2 million yacht to a buyer in Monaco when the European Union announced a 25 percent tariff on American-made boats as retaliation for the Trump administration's...

US goes ahead with tax on Canadian newsprint

Aug. 2, 2018 6:29 PM EDT

WASHINGTON (AP) — The U.S. Commerce Department is going ahead with a tax on Canadian newsprint, a threat to the already-struggling American newspaper industry. The revised tariffs unveiled Thursday are mostly lower than those originally imposed earlier this year. But they would still hit the paper used by...

California urges resistance to census citizenship question

Jul. 31, 2018 4:25 PM EDT

SACRAMENTO, Calif. (AP) — California's top elections official urged residents Tuesday to formally oppose a Trump administration plan that would ask whether a person is a U.S. citizen on the 2020 census. Secretary of State Alex Padilla and advocacy groups for immigrant, Muslim and other communities warn a...

Trump hails Illinois steel mill as an economic success story

Jul. 27, 2018 12:37 AM EDT

GRANITE CITY, Ill. (AP) — President Donald Trump on Thursday trumpeted the renewed success of an Illinois steel mill, pushing back against criticism that his escalating trade disputes are hurting American workers and farmers. The president pointed to the U.S. Steel plant's reopening as a success story...

Dems want Ross to clarify origins of citizenship question

Jul. 24, 2018 8:00 PM EDT

WASHINGTON (AP) — Democratic lawmakers want Commerce Secretary Wilbur Ross to clarify where a citizenship question on the 2020 census originated after newly released documents show he was seeking such a question early in Donald Trump's presidency. The Trump administration's decision to ask people about...

Auto industry cries foul as Trump moves toward car tariffs

Jul. 18, 2018 4:37 PM EDT

WASHINGTON (AP) — Having started a trade war with China and enraged U.S. allies with steel tariffs, President Donald Trump is primed for his next fight. He is targeting a product at the heart of the American experience: cars. Trump's latest plan is to consider slapping tariffs on imported autos and auto...

US launches national security probe into uranium imports

Jul. 18, 2018 1:23 PM EDT

WASHINGTON (AP) — The Commerce Department has started an investigation into the impact of uranium imports on U.S. national security, a move that could limit future imports and add another front to the Trump administration's trade fight. Commerce Secretary Wilbur Ross said Wednesday that the United States...

Commerce's Ross selling stock in response to ethics concerns

Jul. 13, 2018 5:39 PM EDT

WASHINGTON (AP) — Commerce Secretary Wilbur Ross says he is selling off all his vast stock holdings after news reports raised questions about the timing of some of his stock transactions and he received a sharp reprimand from the chief federal ethics officer. But it's not clear whether the sales by Ross,...