Latest Wilbur L. Ross Jr. News

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,...

Commerce secretary tells ethics office he will sell equities

Jul. 12, 2018 9:59 PM EDT

WASHINGTON (AP) — Commerce Secretary Wilbur Ross says he will sell all his equity holdings after a government ethics office noted inaccuracies and omissions in his financial disclosure reports. Ross says in a statement issued Thursday night that he "made inadvertent errors in completing the divestitures...

China vows retaliation for $200 billion US tariff threat

Jul. 11, 2018 9:27 AM EDT

BEIJING (AP) — China's government vowed Wednesday to take "firm and forceful measures" as the U.S. threatened to expand tariffs to thousands of Chinese imports like fish sticks, apples and French doors, the latest salvo in an escalating trade dispute that threatens to chill global economic growth. China...

BMW says no change in South Carolina expansion plans

Jul. 11, 2018 9:06 AM EDT

SPARTANBURG, S.C. (AP) — BMW says it is sticking with plans to add 1,000 workers in South Carolina, even though the company will start production of a new vehicle in China. BMW and Chinese partner Brilliance Automotive Group Holdings said Monday a joint venture called BMW Brilliance Automotive will...

A look at the 24 individuals who make up Trump's Cabinet

Jul. 6, 2018 1:30 AM EDT

Like all presidents, Donald Trump is served by a group of advisers, collectively known as the Cabinet, who run the various departments and agencies of the government and help implement the president's policy agenda. The Cabinet was established by the Constitution. Trump's includes Vice President Mike Pence, 15...

Life in Trump's Cabinet: Putdowns, perks, and power

Jul. 6, 2018 1:23 AM EDT

WASHINGTON (AP) — Commerce Secretary Wilbur Ross came in for an Oval Office tongue-lashing after he used a mundane soup can as a TV prop. Defense Secretary Jim Mattis got overruled by President Donald Trump's announcement that a new "Space Force" is in the offing. Environmental Protection Agency head Scott...

Life in Trump's Cabinet: Perks, pestering, power, putdowns

Jul. 5, 2018 11:42 PM EDT

WASHINGTON (AP) — Commerce Secretary Wilbur Ross came in for an Oval Office tongue-lashing after he used a mundane soup can as a TV prop. Defense Secretary Jim Mattis got overruled by President Donald Trump's announcement that a new "Space Force" is in the offing. Environmental Protection Agency head Scott...

A look at the 24 individuals who make up Trump's Cabinet

Jul. 5, 2018 4:46 PM EDT

Like all presidents, Donald Trump is served by a group of advisers, collectively known as the Cabinet, who run the various departments and agencies of the government and help implement the president's policy agenda. The Cabinet was established by the Constitution. Trump's includes Vice President Mike Pence, 15...

Europe could suffer collateral damage in US-China trade war

Jul. 4, 2018 11:34 AM EDT

FRANKFURT, Germany (AP) — European businesses are unsettled as they watch the U.S. and China collide over trade. And for good reason: the nascent global trade war could represent the biggest single threat to the economic upswing that has helped the region get past its financial crisis. In theory, some...

Judge lets challenge to census citizenship query go forward

Jul. 3, 2018 4:07 PM EDT

NEW YORK (AP) — A federal judge ruled Tuesday that a legal challenge to the 2020 census can go forward, saying there was an appearance of "bad faith" behind the Trump Administration's disputed decision to add a question about citizenship. U.S. District Judge Jesse Furman made the ruling at a hearing in...