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Statement from Secretary of Commerce Wilbur Ross on President Donald J. Trump’s Budget: A Budget for America’s Future

Press releases
President Trump’s dedication to the success of all Americans has fostered an unprecedented period of growth for our economy and created the biggest economic boom in our nation’s history. The President’s 2021 Budget for America’s Future exemplifies his bold leadership and commitment to tackling the big structural issues that will allow every American to have equal and limitless opportunities to...

And The Winners Are?

Blog
Each year the entertainment industry recognizes musicians, actors, and members of the film marking industry for their contributions to radio, television, and motion pictures. This year on February 9, the Academy Awards ceremony will conclude the 2020 Awards Season. This is a perfect opportunity to spotlight award-winning employees at the Commerce Department as Awardees are among our best and...

Remarks by Secretary of Commerce Wilbur Ross at Oxford Union in Oxford, England

Speeches
Introduced by Oxford Union President Sara Dube It is my honor to discuss the Trump economic policy as it relates to the global economy. We are incorrectly blamed for global economic problems. From the late 1980s through the early 2000s, global merchandise export growth was usually double that of world GDP growth. But during four of the past five years, goods trade growth lagged global GDP growth...

Statement of Secretary of Commerce Wilbur Ross on President Donald J. Trump's State of the Union Address

Press releases
Because of President Trump’s leadership, we are experiencing a comeback like never before. Our great nation is strong again and Americans who need it the most are experiencing an incredible Blue Collar Boom. From renegotiating trade deals that work for Americans to a jobs agenda that has led to the lowest unemployment rate in half a century, the American Dream is being restored for millions of...

Department of Commerce Issues Final Rule for Countervailing Unfair Currency Subsidies

Press releases
Today, under the leadership of President Donald J. Trump, the U.S. Department of Commerce announced that it has published a final regulation for imposing countervailing duties on products that benefit from unfair currency subsidies which, in turn, cause harm to domestic industries. “This Currency Rule is an important step in ensuring that unfair trade practices are properly remedied,” said...

Statement from U.S. Secretary of Commerce Wilbur Ross on Q4 and Annual 2019 GDP: Economy Grows 2.3% in 2019

Press releases
Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the fourth quarter and annual gross domestic product (GDP) numbers. The Bureau found that the real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter and 2.3 percent for all of 2019, continuing to beat expectations. “Since the beginning of this Administration, critics have predicted...

U.S. Department of Commerce Initiates Antidumping Duty (AD) And Countervailing Duty (CVD) Investigations of Imports of Wood Mouldings and Millwork Products from Brazil and China

Press releases
U.S. Secretary of Commerce Wilbur Ross today announced the initiation of new AD and CVD investigations to determine whether wood mouldings and millwork products from Brazil and China are being dumped in the United States, and to determine if producers in China are receiving unfair subsidies. These AD and CVD investigations were initiated based on petitions filed by the Coalition of American...