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U.S. Secretary of Commerce Wilbur Ross Announces Hundreds of Billions in Deals Between U.S. Companies and Chinese Entities

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross announced the signing of approximately a quarter trillion dollars in deals facilitated by the Department of Commerce between private U.S. businesses and Chinese entities. The agreements, most of which occurred as part of the U.S. Department of Commerce’s 2017 U.S. CEO Delegation to China, will bring thousands of new jobs to America. “American...

Secretary Ross and Secretary Perry Hail New Coal Deal with Ukraine

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross and U.S. Secretary of Energy Rick Perry welcomed the announcement from the Government of Ukraine that Ukrainian state-owned power generation company Centrenergo PJSC will purchase American thermal coal ahead of the upcoming winter season. Statement from U.S. Secretary of Commerce Wilbur Ross: “As promised during the campaign, President Trump is...

September Conference in Cleveland Aims to Boost ‘Made in America’ Products in Global Markets

Press releases
Today, the International Trade Administration’s U.S. Commercial Service and the Northern Ohio District Export Council announced a national conference aimed at helping American companies in the advanced manufacturing, automotive, and aerospace industries compete more effectively in global markets. This announcement comes during “Made in America” week which recognizes American workers and companies...

Statement From Secretary Ross And Secretary Mnuchin Following The U.S.-China Comprehensive Economic Dialogue

Press releases
Upon completion of the first meeting of the U.S.-China Comprehensive Economic Dialogue, Co-Chairs Secretary Wilbur Ross and Secretary Steven Mnuchin released the following statement: “We thank Vice Premier Wang and the Chinese delegation for making the journey to Washington for this first session of the U.S.-China Comprehensive Economic Dialogue.; “We also extend our gratitude to Secretary Perdue,...

U.S. Exporters Poised to Capitalize on Global Demand for Smart Grid Products and Services

The following is a cross-post from Tradeology , the official blog of the International Trade Administration By Vickie Gunderson, Smart Grid Analyst The average number of internet-connected devices per household is expected to increase five-fold by 2022, leading to potentially over 50 billion connected devices by 2025. As more devices are connected to the internet – in our homes, offices, and...

U.S., China Finalize Details to Send U.S. Beef to China

Press releases
As part of the U.S.-China 100-Day Action plan announced on May 11, 2017, by U.S. Secretary of Commerce Wilbur Ross and Secretary of the Treasury Steven T. Mnuchin, the Trump Administration today has taken important steps toward commercial shipment of U.S. beef and beef products to China for the first time since 2003. These shipments are results of the U.S.-China Comprehensive Economic Dialogue co...

U.S. Secretary of Commerce Wilbur Ross and Vietnamese Prime Minister Phuc Recognize Over $8 Billion in New U.S.-Vietnamese Business Deals; Discuss Bilateral Trade

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross met with Vietnamese Prime Minister Nguyen Xuan Phuc to discuss the deepening economic relationship between the United States and Vietnam. The leaders also attended a ceremony to recognize 13 new business deals worth more than $8 billion. “President Trump is prioritizing engagement with Vietnam, an important trading partner of the United States,”...

U.S. Secretary of Commerce Celebrates World Trade Week by Honoring U.S. Firms with Presidential Export Award

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross honored 32 U.S. companies and organizations that export goods and services during the 2017 President’s “E” Awards ceremony. Companies representing 23 states and Guam were recognized as part of the 55th anniversary of the award. This year’s honorees include 26 small and medium-sized businesses and 11 manufacturers. “Job creation is a top priority for...

Secretary Wilbur L. Ross, Jr. and Secretary Ildefonso Guajardo Villarreal Announce New Efforts to Resolve Mexican Sugar Export Issues

Press releases
Today, U.S. Secretary of Commerce Wilbur L. Ross, Jr. and his Mexican Counterpart Secretary of Economy Ildefonso Guajardo Villarreal announced a renewed effort to resolve ongoing issues with Mexican sugar export and anti-bunching limits. “I hope that this represents the beginning of a working relationship that will bear fruit for both our Nations,” said Secretary Ross. “It is important that we...

Exports Support American Jobs

In 2008, U.S. exports supported more than 10 million full- and part-time jobs during a historic time, when exports as a percentage of gross domestic product (GDP) reached the highest levels since 1916. The new record, 12.7 percent, shows that the upward growth of trade in an expanding global market holds great opportunities for U.S. businesses whose leaders are thinking strategically about the...