By Ryan Collins, Scarlet Fu and Julia Chatterley (Bloomberg) -- What would it take for China to reduce its trade gap with the U.S.? Buy more natural gas, for a start, says Secretary of Commerce Wilbur Ross. Diverting its purchases from other countries to America would be the “simplest” solution, Ross said during an interview with Bloomberg TV after President Donald Trump … [Read more...]
U.S. Commerce Chief Ross Divesting Shipping Interests, Starting with Diamond S.
WASHINGTON, Nov 7 (Reuters) - U.S. Commerce Secretary Wilbur Ross has divested his interests in oil tanker company Diamond S Shipping and is in the process of selling off his holdings in another shipping firm, Navigator Holdings, a Trump administration official said on Tuesday. Ross had originally intended to retain his shipping interests following his confirmation in … [Read more...]
U.S. Commerce Secretary Ross ‘Likely’ to Divest Stake in Russia-Linked Navigator Holdings
WASHINGTON, Nov 6 (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Monday he probably would not keep his holdings in a shipping company with business ties to Russian President Vladimir Putin's inner circle and that he had fully and properly disclosed investments. Pressed on whether he would retain the interest in Navigator Holdings, Ross told Bloomberg Television: … [Read more...]
Not a Good Look for the Secretary of Commerce -Editorial
By The Editors (Bloomberg View) -- "Appearance," Plato observed, "tyrannizes over truth." President Donald Trump's administration should keep that in mind when attending to its latest conflict-of-interest scandal. According to news reports based on leaks from a Bermuda law firm, Commerce Secretary Wilbur Ross did not disclose business ties with people close to Russian … [Read more...]
U.S. Commerce Secretary Ross’s Shipping Interests Face Scrutiny Over Russian Connection
By Bill Allison and Margaret Talev (Bloomberg) -- Commerce Secretary Wilbur Ross said he will “probably not” maintain his stake in a shipping firm that does business with a Russian company with ties to the son-in-law of Russian President Vladimir Putin and an oligarch under U.S. sanctions. “I’ve been actually selling it anyway, but that isn’t because of this,” Ross … [Read more...]