Wilbur Ross
Wilbur Ross
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Full Name and Common Aliases
Wilbur Louis Ross Jr. is the commonly recognized name of this prominent American businessman and government official.
Birth and Death Dates
Born on November 2, 1937, Wilbur Ross is still alive as of my knowledge cutoff.
Nationality and Profession(s)
Nationality: American
Professions: Businessman, Government Official, Investor
Wilbur Ross has had a distinguished career spanning multiple industries. He served as the 39th United States Secretary of Commerce from February 2017 to January 2021, under President Donald Trump.
Early Life and Background
Growing up in New York City, Wilbur Ross was educated at the prestigious University of Missouri and later attended Harard Law School, where he earned his Juris Doctor (J.D.) degree. Before entering politics, Ross established himself as a successful investor and businessman with an extensive background in private equity.
Major Accomplishments
Wilbur Ross's tenure as Secretary of Commerce was marked by several significant accomplishments:
Trade agreements: He led the renegotiation of NAFTA and played a key role in negotiating new trade agreements with South Korea, China, and other countries.
Deregulation: Ross advocated for deregulatory policies to reduce bureaucratic hurdles for businesses.
Economic development: He promoted economic growth by encouraging investment in distressed areas.Notable Works or Actions
Some of Wilbur Ross's notable works include:
Investment banking: As a prominent figure in the private equity industry, he advised companies on strategic transactions and investments.
Public service: His commitment to public service led him to serve as Assistant Secretary for Trade Development under President George H.W. Bush.Impact and Legacy
Wilbur Ross's legacy is complex and multifaceted:
Business experience: He leveraged his business acumen to drive policy decisions, advocating for free market principles.
Regulatory reform: His efforts at deregulation have had a lasting impact on American businesses.Why They Are Widely Quoted or Remembered
Wilbur Ross is widely quoted and remembered due to his:
Business expertise: As a seasoned investor and businessman, he offered insights into the global economy.
* Policy influence: His tenure as Secretary of Commerce gave him significant influence over trade policies and regulations.
Quotes by Wilbur Ross
I'm a very big proponent of cloud. We've used it a lot in private sector, and as far as we can tell, it is not only more efficient, it's probably also more secure for lots of very complicated technical reasons. I think it's a very important thing for government to do, and also to have systems that talk to each other.
China is the world's biggest exporter, but they're also the people with one of the highest tariffs on imports in the whole world. That seems a little bit oxymoronic.
Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States. Believe it or not, Mexico has better treaties with the rest of the world than the United States does.
We'll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs, a great amount of closed manufacturing businesses. We don't want that to continue.
Washington, D.C., is the new Wall Street. No significant financial transaction of any consequence occurs without it.
The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and have huge trade surpluses. This cannot continue.