“Wilbur Ross, the billionaire investor considered the ‘king of bankruptcy’ for buying beaten-down companies with the potential to deliver profits, is expected to be President-elect Donald Trump’s choice for commerce secretary,” the Washington Post reports.
“Ross helped shape the Trump campaign’s economic agenda, particularly its hard-line stance on the need to renegotiate — or withdraw from — free trade agreements. Trump’s advisers have been split on that issue, which some economists warn could spark a damaging trade war, but Ross’s nationalist views are considered in line with the president-elect’s own.”
Meanwhile, Politico reports Trump is likely to tap Todd Ricketts, the co-owner of the Chicago Cubs and a member of the powerful conservative Ricketts family, to be deputy secretary of commerce.
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