International Textile Group

Wilbur Ross, Trump’s Commerce Pick, Offshored 2,700 Jobs Since 2004

by

Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect’s trade agenda, earned his fortune in part by running businesses that have offshored thousands of U. S. jobs, according to Labor Department data attained by Reuters. As a high-stakes investor a decade ago, Ross specialized in turning around troubled manufacturing companies at a … Read more

Trump’s Commerce Pick Wilbur Ross Is No Stranger To Protectionism

by

When billionaire investor Wilbur Ross salvaged two North Carolina textile mills from bankruptcy in 2003 and 2004, one of the first things he did was head to Washington to immerse himself in trade law and policy. China’s accession to the World Trade Organization had unleashed a flood of textile imports across U. S. borders, and … Read more