Latest Wilbur L. Ross Jr. News

Source: Trump administration has cut deal with China's ZTE

May. 25, 2018 7:32 PM EDT

WASHINGTON (AP) — The Trump administration has told Congress that it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter said Friday. A resolution of the ZTE...

World stocks mixed as NKorea's restraint eases concerns

May. 25, 2018 8:12 AM EDT

HONG KONG (AP) — World stock markets were mixed Friday as investors eyed the diplomatic rhetoric over North Korea, developments in global trade disputes and prepared for a long weekend in the U.S. and Britain. KEEPING SCORE: Germany's DAX rose 0.8 percent to 12,961 and France's CAC 40 added 0.4 percent to...

China says US commerce secretary due June 2 for talks

May. 25, 2018 8:03 AM EDT

BEIJING (AP) — China says U.S. Commerce Secretary Wilbur Ross will arrive in Beijing on June 2 for more talks on settling a sprawling dispute over technology policy and China's trade surplus with the United States. An announcement by the official Xinhua News Agency on Friday said the two sides will...

Q&A: Would Trump's proposed tariffs on imported autos work?

May. 24, 2018 4:50 PM EDT

WASHINGTON (AP) — Do Subaru Foresters, BMW 3-series sedans and Toyota Priuses pose a threat to U.S. national security? President Donald Trump suspects they might. He's ordered the Commerce Department to investigate whether the peril is dire enough to justify tariffs or quotas on imports of foreign-made...

The Latest: Auto workers head cautious about tariff proposal

May. 24, 2018 4:03 PM EDT

WASHINGTON (AP) — The Latest on the Trump administration's interest in putting tariffs on auto imports (all times local): 3:50 p.m. United Auto Workers President Dennis Williams cautiously backed the U.S. decision to explore raising tariffs on imported vehicles. He says Thursday that the nation should have...

China's Li says German companies welcome amid US trade spat

May. 24, 2018 7:25 AM EDT

BEIJING (AP) — Premier Li Keqiang said Thursday that China welcomes German companies during a visit by Chancellor Angela Merkel that gives Beijing an opportunity to try to recruit an ally in its trade feud with U.S. President Donald Trump. Both China and Germany are embroiled in disputes with Washington,...

Trump administration explores tariffs on autos, auto parts

May. 24, 2018 12:09 AM EDT

WASHINGTON (AP) — The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers and...

Trump launches probe into auto imports, possible tariffs

May. 23, 2018 10:00 PM EDT

WASHINGTON (AP) — The Trump administration on Wednesday launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S....

The Latest: Trump orders probe of tariffs for cars, trucks

May. 23, 2018 9:00 PM EDT

WASHINGTON (AP) — The Latest on President Donald Trump and the auto industry (all times local): 9 p.m. President Donald Trump is directing the Commerce Department to begin an investigation into whether tariffs are needed on the import of automobiles into the United States. The White House says Trump has...

Trump appears to raise new doubts about US-China trade deal

May. 23, 2018 5:22 PM EDT

WASHINGTON (AP) — President Donald Trump cast doubt Wednesday on the prospects for talks that are designed to head off a trade war between the United States and China. Four days after the two countries suspended plans to impose tariffs on up to $200 billion of each other's goods, Trump declared in a tweet...