Politico

Ross confirmed to lead Commerce

Written by Lisa

The Senate on Monday voted 72-27 to confirm billionaire investor Wilbur Ross to be the next commerce secretary, putting in place another key member of President Donald Trump’s economic team.

Ross, a 79-year-old businessman who made his fortune by turning around companies in distressed industries like textiles and steel, is expected to play a leading role in trade policy as Trump looks to renegotiate the North American Free Trade Agreement with Canada and Mexico and reduce the U.S.’s $500 billion trade deficit with China.

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