Billionaire investor Wilbur Ross has been named commerce secretary. Ross, 78, heads the private equity firm W.L. Ross & Co., which is known for buying up failed companies. REUTERS/Lucas Jackson
WEST PALM BEACH, Fla./WASHINGTON (Reuters) - U.S. President-elect Donald Trump plans to put his pick for Commerce Secretary, billionaire investor Wilbur Ross, in charge of his get-tough trade policy, a transition team spokesman said on Tuesday.
It is a signal of how Trump, who is also interviewing candidates to be the U.S. Trade Representative (USTR), plans to elevate a crackdown on competitors in the world market and the overhaul of trade deals that he says have hurt U.S. factory jobs.
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