Donald Trump's Cabinet: Wilbur Ross Confirmed as Secretary of Commerce

Billionaire investor Wilbur Ross was confirmed as the USA commerce secretary on Monday after receiving unanimous approval in the Senate.

Ross' swearing in will take place Tuesday at the White House, White House press secretary Sean Spicer said. "Without saying that, you say, 'We're gonna inspect you so closely, ' bomp bomp", Trump added.

Ross said all free trade agreements should be systematically re-opened every few years to make sure they are working in the best interests of the U.S.

Ross, chosen by U.S. President Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of, according to Labor Department data attained by Reuters.

Despite opposition from Senate Minority Leader, Chuck Schumer, former Democrat Mr Ross was easily confirmed by a vote of 72-27.

During a Senate confirmation hearing in January, Ross said the Trump administration would focus on ending trade practices by China and other partners that are unfair to the United States.

"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.

After all, as discussed below, since the 1990s Cyprus has served as one the top three offshore destinations for Russian and former Soviet Union flight capital, most of it motivated by tax dodging, kleptocracy, and money laundering. Education Secretary Betsy DeVos needed Vice President Mike Pence to cast an historic tiebreaking vote to push through her confirmation earlier this month. "He's made billions off the backs of struggling home owners", Warren said. And in his free time he hangs out with other Wall Street tycoons who sit around making fun of everybody else.

Supporters say Ross saved thousands of by rescuing firms from failure. In 2000, he founded WL Ross & Co., a private equity firm.

Forbes estimate Ross' net worth at $2.5 billion.

Ross said he has experience at that agency; he was a census-taker while he attended business school.

  • Eleanor Harrison