Latest Wilbur L. Ross Jr. News

US, Brazil hold talks on trade, Amazon protection

Sep. 13, 2019 6:02 PM EDT

WASHINGTON (AP) — The United States and Brazil deepened a new era of closer cooperation Friday with their first high-level strategic dialogue in seven years. Secretary of State Mike Pompeo said both countries will seek to increase binational trade that already surpasses $100 billion a year and plan to...

Trump denies ordering NOAA to rebuke forecasters over Dorian

Sep. 11, 2019 8:19 PM EDT

WASHINGTON (AP) — President Donald Trump on Wednesday denied instructing an aide to urge a federal agency to repudiate weather forecasters who contradicted his claim that Hurricane Dorian could hit Alabama. Trump responded to a New York Times report that acting White House chief of staff Mick Mulvaney told...

Friendly fire: In trade fights, Trump targets US allies, too

Sep. 11, 2019 4:20 PM EDT

WASHINGTON (AP) — President Donald Trump has risked turmoil in the financial markets and damage to the U.S. economy in waging his trade war with China, America's top strategic rival. But Trump hasn't exactly gone easy on America's friends, either. From Europe to Japan, the president has stirred up...

Agency reverses course on Trump's Alabama hurricane claim

Sep. 7, 2019 8:13 AM EDT

WASHINGTON (AP) — A federal agency has reversed course on the question of whether President Donald Trump tweeted stale information about Hurricane Dorian potentially hitting Alabama, upsetting meteorologists around the country. On Sunday, Trump had warned that Alabama, along with the Carolinas and Georgia,...

5 East Coast governors push feds on offshore wind power

Aug. 28, 2019 5:32 PM EDT

BOSTON (AP) — The governors of five East Coast states are urging federal regulators not to put any additional roadblocks in the way of the country's nascent offshore wind industry. The governors of Massachusetts, Connecticut, Maine, New Hampshire and Virginia said in a letter Tuesday to Interior Secretary...

Pence steps up pressure for trade deal with Mexico, Canada

Aug. 21, 2019 8:03 PM EDT

SANTA FE, N.M. (AP) — Vice President Mike Pence stepped up pressure on Congress to support the Trump administration's new trade deal with Mexico and Canada, taking his pitch Wednesday to a congressional swing district in New Mexico. Speaking to a crowd at an oilfield services company in the Permian basin...

US moves toward agreement on Mexican tomatoes

Aug. 21, 2019 11:29 AM EDT

WASHINGTON (AP) — The U.S. Department of Commerce says it's reached a tentative deal with Mexican tomato producers to prevent unfairly cheap produce from reaching American consumers, heading off a potential 25 percent tariff. Secretary of Commerce Wilbur Ross said Wednesday the draft agreement "meets the...

AP Explains: US sanctions on Huawei bite, but who gets hurt?

Aug. 20, 2019 3:39 PM EDT

Chinese technology giant Huawei has yet to feel the full force of U.S. sanctions due to temporary exemptions and other uncertainties. Nonetheless, Huawei founder Ren Zhengfei says he expects no permanent relief because of the political climate in Washington. In an interview with The Associated Press, he also...

Q&A: Recession jitters are rising. Is there reason to worry?

Aug. 19, 2019 4:22 PM EDT

WASHINGTON (AP) — Nerves are being frayed by a global economy that increasingly looks breakable. Growth is stalling. Factory output is down. Oil demand is off. U.S. tariffs on China have slowed trade. Investors have crowded into government bonds and sent interest rates sliding in a way that has often...

US extends limited reprieve on tech sales to China's Huawei

Aug. 19, 2019 1:55 PM EDT

The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the Chinese technology giant. Huawei has become enmeshed in the trade war between Washington and Beijing, with President Donald Trump...