Latest Wilbur L. Ross Jr. News

European and Asian leaders seek to boost trade, security

Oct. 18, 2018 2:46 PM EDT

BRUSSELS (AP) — Europe and Asia should use their combined economic clout "to tackle global challenges such as trade tensions that put millions of jobs at risk" and the threat of climate change, a top European official said Thursday. European Council President Donald Tusk spoke in Brussels as he opened the...

EU chief plays down trans-Atlantic trade rift concerns

Oct. 18, 2018 11:14 AM EDT

BRUSSELS (AP) — European Commission President Jean-Claude Juncker is playing down trans-Atlantic trade tensions after U.S. Commerce Secretary Wilbur Ross accused the EU of dragging its feet in exploratory trade talks. Amid fears of an all-out trade war, Juncker met U.S. President Donald Trump in July to...

Business Highlights

Oct. 17, 2018 4:48 PM EDT

___ Tesla secures land in Shanghai for first factory outside US BEIJING (AP) — Electric auto brand Tesla Inc. says it has secured land in Shanghai for its first factory outside the United States, pushing ahead despite mounting U.S.-Chinese trade tensions. The California-based company announced plans for...

US criticizes EU for moving too slowly in trade talks

Oct. 17, 2018 1:38 PM EDT

BRUSSELS (AP) — U.S. Secretary of Commerce Wilbur Ross on Wednesday criticized the European Union for moving too slowly in trade talks and warned that President Donald Trump's patience with the Europeans might soon run out. Amid rising trans-Atlantic tensions and fears of an all-out trade war, Trump and EU...

Business Highlights

Oct. 16, 2018 5:13 PM EDT

___ Stocks surge, recovering some recent losses; Dow climbs 547 NEW YORK (AP) — U.S. stocks rocketed to their biggest gain in six months Tuesday following strong earnings from major financial and health care companies as well as encouraging reports on the economy. The Dow Jones Industrial Average jumped...

US, South African farmers cry fowl over Trump metal tariffs

Oct. 16, 2018 10:38 AM EDT

WASHINGTON (AP) — Which came first, the chicken or the trade war? Well before President Donald Trump began slapping tariffs on steel, aluminum and other imported goods, there was a deal with South Africa that gave U.S. chicken producers duty-free access to a market that had effectively been shut to them...

Sessions criticizes court order on deposition in census case

Oct. 15, 2018 10:57 PM EDT

WASHINGTON (AP) — Attorney General Jeff Sessions on Monday criticized a court order that allows for the questioning of Commerce Secretary Wilbur Ross on how a citizenship question came to be added to the 2020 census. The court's actions, the attorney general said in a speech to the conservative Heritage...

West Coast military installations eyed for US fuel exports

Oct. 15, 2018 5:25 PM EDT

BILLINGS, Mont. (AP) — The Trump administration is considering using West Coast military installations or other federal properties to open the way for more U.S. fossil fuel exports to Asia in the name of national security and despite opposition from coastal states. The proposal was described to The...

Court filing: Steve Bannon urged Census citizenship question

Oct. 11, 2018 7:43 PM EDT

NEW YORK (AP) — Commerce Secretary Wilbur Ross says he now remembers speaking with former senior White House adviser Steve Bannon in spring 2017 about adding a citizenship question to the 2020 U.S. census. Government lawyers made the revelation in a Manhattan federal court document Thursday. The new...

Politically charged case heads to the Supreme Court

Oct. 9, 2018 10:38 PM EDT

NEW YORK (AP) — Newly sworn in Supreme Court Justice Brett Kavanaugh may face his first politically charged case after a federal appeals court on Tuesday ordered Commerce Secretary Wilbur Ross to be deposed about putting a citizenship question on the 2020 census. The 2nd U.S. Circuit Court of Appeals in...