Trump Expected To Name Fellow Billionaire As Secretary Of Commerce


President-elect Donald Trump is expected to name billionaire Wilbur Ross as his pick to head the U.S. Commerce Department.

Ross is reported to be worth approximately $3 billion, is a former banker for Rothschild who formed W.L. Ross in 2000, a company that made its money by investing in troubled factories in the industrial Midwest.

Breitbart reported that as Secretary of Commerce, Ross would represent domestic companies and workers, and would be in charge of carrying out Trump’s goal of protecting U.S. workers and challenging decades of globalization that have left the U.S. less well off, and largely benefited multinational corporations.

Ross holds many of the same beliefs as Trump, and he even helped the President-elect shape his campaign’s economic agenda. Ross holds nationalist views similar to Trump, and believes the U.S. need to renegotiate and even withdraw from free trade agreements that are not beneficial to the United States.

“Part of the reason why I’m supporting Trump is that I think we need a more radical, new approach to government— at least in the U.S. — from what we’ve had before,” Ross told CNBC in June.

Trump met with Ross on Sunday at Trump National Golf Course in Bedminster, New Jersey. During their meeting the two discussed job creation, trade deal negotiations and American manufacturing, according to a spokesperson for the Trump transition team.

Trump told reporters he was considering Ross to lead the Commerce department, and when Ross was asked if he wanted the job he said, “Well, time will tell.”

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