Billionaire investor Wilbur Ross was confirmed as President Trump's secretary of commerce Monday night by a vote of 72 to 27 in the U.S. Senate. Wicker announced his support for Ross in December, after they met to discuss job creation and economic growth. Ross was confirmed by the U.S. Senate Monday night.
"I believe his extensive management experience in the private sector, and his understanding of the challenges faced by workers and businesses alike, will equip him well for the job of leading the Department of Commerce", said Sen.
As commerce secretary Ross will play a key role in shaping administration policy on trade. "Although Senate Democrats have tried to delay the confirmation process, today we added another highly qualified member to the President's team".
"NAFTA is logically is the first thing for us to deal with", Ross said at the hearing.
During his confirmation hearing in mid-January, Ross pushed for taking a tough stance on China, which he called the "most protectionist country of very large countries". And in his free time he hangs out with other Wall Street tycoons who sit around making fun of everybody else. He has pledged to renegotiate the North American Free Trade Agreement, the giant trade pact with the U.S., Canada and Mexico.
"Wilbur Ross is practically a cartoon stereotype of a Wall Street fat cat with no interest in anyone but himself", Senator Elizabeth Warren, Democrat of MA, wrote on Twitter.
Ross' vast fortune was a top concern of lawmakers during his confirmation hearings.
Trump rode to victory in the primary and general elections a year ago in part on pledges to make trade more favorable for the USA economy and workers.
Some experts said Ross could serve as a counterweight to advisers such as Peter Navarro, the University of California-Irvine economics professor who heads Trump's newly created White House National Trade Council. Cory Booker and other Democrats asked the billionaire in recent days to clarify his business ties to Russian shareholders while serving on the board of directors of a Cypriot bank.
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