Wilbur Ross

Former Commerce Secretary Wilbur Ross, who served in the first Trump administration, believes that President Donald Trump’s 90-day tariff pauses are not only a trade strategy but also a political tactic. What Happened: In an interview with Fortune, Ross said that the pauses align with the U.S...

The ongoing saga between China and the United States over how data collected is now shifting from TikTok to gaming companies.  What Happened: Chinese gaming companies are being scrutinized by the U.S. government, according to a Thursday Bloomberg report.  Tencent (Pink: TCEHY), the world...

The iShares FTSE/Xinhua China 25 Index (NYSE: FXI) popped 1.5% and the SPDR S&P 500 ETF Trust (NYSE: SPY) traded up marginally Monday on reports of progress in U.S. trade relations. At the invitation of President Donald Trump, China’s Xi Jinping may soon cross the Pacific to...

U.S. Secretary of Commerce Wilbur Ross rattled the market a bit Thursday when he said the U.S. and China are still nowhere close to a deal that could bring about the end to the global trade war. Here’s a sampling of what Ross had to say in the new interview with CNBC. Government Shutdown When...

A Forbes story makes serious allegations against Commerce Secretary Wilbur Ross, including that he skimmed more than $120 million from associates and investors throughout his career. What Happened Forbes refers to Ross as one of the “biggest grifters in American history” based...

Following reports that he’d lifted early sanctions posing an existential threat to ZTE, U.S. Commerce Secretary Wilbur Ross confirmed Thursday on CNBC he’s struck a deal with the Chinese telecom company involving a $1 billion fine and $400 million in escrow. Ross had been exploring...

This story was updated at 2:50 p.m. ET. The U.S. made friends with metalworkers Thursday, but not with anyone else. In a move terminating temporary exemptions, Commerce Secretary Wilbur Ross announced the U.S. will enforce 25-percent steel and 10-percent aluminum import tariffs on Canada, Mexico...

The S&P 500 traded lower by more than 10 percent Wednesday morning as investors digest the latest developments in an ongoing Sino-American trade dispute.  Negotiations Sour On Wednesday morning, President Donald Trump expressed skepticism about a potential trade deal with China, tweeting...

Optical stocks were trading under notable selling pressure Monday morning in reaction to the U.S. government's move to ban American companies from selling their equipment to China's ZTE Corp. What Happened The U.S. government slapped a ban on ZTE from buying American telecom equipment as...

Steel and aluminum stocks moved sharply higher Friday after the U.S. Commerce Department issued a recommendation to President Donald Trump to enact steep tariffs or quotas on foreign companies. What You Need To Know Trump's administration looked into the topic of steel and aluminum imports...

The United States and Mexico reached a preliminary sugar trade agreement on Tuesday, preventing the Department of Commerce from implementing antidumping and countervailing duties. Mexico made significant concessions, including cutting back exports of refined sugar the the U.S. At a news conference...

Credit Suisse analyst Curt Woodworth upgraded the U.S. steel sector from Market Weight to Overweight, citing an overly bearish view of Chinese hot rolled coil and the pending results of the Department of Commerce’s investigation into the industry. The analyst also upgraded United States Steel...

Steel stocks were up big on Tuesday ahead of the Department of Commerce hearing on the Section 232 probe. The DoC is set to come out with more details regarding the impact steel imports has on U.S. national security. Stock Movements United States Steel Corporation (NYSE: X): Up 5.27 percent. AK...

After all the bravado about bringing China down to its knees, President Donald Trump seems to be warming to the idea of putting up with the Dragon nation in order to maintain global order. The telling proof for the changed stance came from the set of trade deals signed between the world's...

With one taunting tweet, President Donald Trump threw wood on the fire of a skirmish with Canada that his administration insists is not war between two of the closest trade partners on the planet. Trump announced he was imposing tariffs of up to 24 percent on imported softwood lumber, retaliation...