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The Latest Breaking News from Wilbur Ross

Trump’s former trade architect says the president can’t backtrack on tariffs because he’s ‘too committed’ now: ‘That would be a pretty horrific decision’

The Supreme Court will begin hearing arguments Wednesday over whether President Donald Trump overstepped by using emergency powers to impose tariffs on more than 100 countries.

Fortune

‘Rare earths are a very useful weapon for China’: Former Commerce Secretary Wilbur Ross on the big economic danger

The past week could just be a preview to China weaponizing its entire supply chain, the investor told Fortune.

Fortune

Bill Gates, Reid Hoffman‑Backed iRocket Will Go Public In $400M SPAC Deal With Wilbur Ross's Firm–Shockwave Rocket Sets 2027 Launch

In a move that feels like science fiction come to life, Innovative Rocket Technologies Inc., the small New York launch startup backed by Bill Gates, Reid Hoffman, and Eric Schmidt through Village Global, announced on June 2 that it is gearing up for a $400 million special purpose acquisition company merger…

Benzinga

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Trump has given Powell 'no motivation to cooperate' says former White House commerce secretary—he might now be paying the price for it

Trump's former commerce secretary, Wilbur Ross, tells Fortune that President Trump has given the Fed an unwinnable dilemma.

Fortune

Don't let EU, Japan deals lull you into a sense of security, says Trump's former commerce secretary—a trade war with China may still be in the cards

"We're in much better shape because it's now clear that if there's gonna be a real trade war with anyone, it would just be with China," Secretary Ross tells Fortune.

Fortune

TACO returns to Wall Street: Investors shrug off Trump’s latest tariff threat as nickname sets the investor’s mood

Experts weigh in on whether Trump will carry out his latest threat – and the consensus is that the uncertainty looming over the U.S. economy can’t continue, Rhian Lubin reports

The Independent UK

Sam Altman saw Musk's fallout with Trump coming: 'Elon busts up with everybody'

The falling-out between Elon Musk and Donald Trump came as no surprise to those who have worked closely with the individuals, such as OpenAI's Sam Altman.

Fortune

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'Big Short' investor warns the precarious tariff environment reminds him of WWI—and a trade war would send the U.S. into a recession

"The tariffs and the potential for a trade war, I think, is really the only risk to the market right now,” Steve Eisman said.

Fortune

Exclusive: Trump’s former commerce secretary says an overconfident White House may push trade allies like the EU too far

The Trump administration is scoring wins with its new foreign policy, says Wilbur Ross, but runs the risk of getting overconfident because of its successes.

Fortune

Exclusive: Trump's fixation with 90-day pauses is less about foreign governments, and more about signing deals by mid-terms, says his former commerce secretary

"In history the senators always had a big voice in tariffs—so far he hasn't given them any voice, and there's always the danger that they will suddenly start to exert a voice," Wilbur Ross tells Fortune.

Fortune

Trump's tariff deal 'quietly' added 10% raise which nobody is complaining about anymore, says Wilbur Ross

"When you think about it, in the normal course, getting quietly to do a 10% tariff on everything from everywhere was a huge achievement," Wilbur Ross tells Fortune.

Fortune

Wall Street gets its Trump wake-up call

Analysis: Wall Street is freaking out about Trump’s trade war. But it was always in plain sight

The Independent UK

Elaine Chao: ‘What you all want is certainty and you’re not going to get it’

Also: Tesla bulls turn on Elon, Europe’s busiest airport was closed by a huge fire.

Fortune

Elon Musk called Donald Trump about claims he was a puppet president, saying: 'They're trying to drive us apart'

Elon Musk called the president to address speculation that he was the real power in the White House—but Trump remains unfazed.

Fortune

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Top News

Trump's Tariff Threats: Exclusions Likely, Impact Uncertain

President Trump's pending tariff threats and differing views on blanket tariffs post-election win.

Fortune

CFOs should take Trump's tariff plans 'very seriously,' says KPMG exec

There are three major factors corporate tax departments must face in 2025.

Fortune

Trump won't deliver on maximum tariff pledges, says his former commerce secretary

EXCLUSIVE: Wilbur Ross, who served as commerce secretary in Trump’s first cabinet, said the president will not have to follow through on tariff threats.

Fortune

Trump will be more 'confident' in second presidency, says his former commerce secretary—and Elon Musk won't present a problem

EXCLUSIVE: President-elect Trump will be buoyed in his second round at the White House by experience and a team already in place, said former Secretary of Commerce Wilbur Ross.

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International Business Times

Trump To Face Less Internal Pushback In New Term: Ex-commerce Chief

Donald Trump's staff choices will ensure he faces less internal pushback on his aggressive economic policies, such as tariff hikes, than during his first term, former commerce secretary Wilbur Ross told AFP Monday.

The Guardian - US

Trump says maybe God saved him from assassination attempt to fix ‘broken country’

Ex-president floats divine reason for his survival: ‘I’d like to think God thinks I’m going to straighten out our country’

The Independent UK

Giuliani says Trump told him to take classified files home

Ex-president’s former lawyer says he never did take documents home

Tribune News Service

Trump administration memo shows citizenship question connected with census

WASHINGTON — The Trump administration tried to include a question about citizenship in the 2020 census that would benefit Republicans, despite initial concerns within the administration that it wasn’t legal, according to a new trove of documents released by Congress on Wednesday.

The Guardian - US

Trump aimed to erode immigrant representation with census citizenship question, documents show

Documents reveal officials worked to keep secret their intention to use the data to exclude non-citizens from apportionment

The Independent UK

Secret memo links citizenship question to apportionment

Some Trump administration officials had initial doubts that it was legal to put a citizenship question on the 2020 census but pressed forward and attempted to add it anyways

WEKU

Documents detail the secret strategy behind Trump's census citizenship question push

Newly released documents confirm the Trump administration's push for a citizenship question was part of a bid to alter the census numbers used to divide up seats in Congress and the Electoral College.

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