Trump picks billionaire Wilbur Ross for Commerce secretary

Lewis Wallace Nov 30, 2016
HTML EMBED:
COPY
Wilbur Ross at Trump Tower in New York City. Drew Angerer/Getty Images

Trump picks billionaire Wilbur Ross for Commerce secretary

Lewis Wallace Nov 30, 2016
Wilbur Ross at Trump Tower in New York City. Drew Angerer/Getty Images
HTML EMBED:
COPY

Donald Trump has announced two major cabinet picks today: Steven Mnuchin for Treasury secretary and billionaire Wilbur Ross as Secretary of Commerce.

Private equity investor Wilbur Ross is 79 years old, and got his start on Wall Street specializing in bankruptcy. Since 2000 he’s run his own firm that focuses on scooping up struggling companies in the steel, coal and textile industries, often cutting jobs and going head-to-head with unions in the process. He’s then created new, consolidated companies and sold them at a handsome profit. On trade, he stands by Trump’s general framework of taking a tough stance, and cutting business taxes and reducing regulation.

Click the above audio player to hear the full story. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

😱 Halfpriced hoodies! 😱 

This weekend only, when you donate $90 or $8/month, you can snag our cozy new Marketplace zipup hoodie. Don’t wait– this offer ends Sunday at midnight.