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Remarks by Commerce Secretary Wilbur L. Ross at the USPTO Ceremony Honoring Senator Orrin Hatch

Speeches
Thank you, Andrei, for that kind introduction. I, too, have a lyric from one of the Senator’s repertoire of songs. It’s a rock-n-roll number and it goes like this: “America Rocks, when we sing allegiance to this country that we love: Ooooo-yeah.” “Ooooo-yeah”: There isn’t a better way to describe the implacable spirit that Senator Hatch brings to his song writing, and to his unabated commitment to...

313,000 New Jobs in February, Job Growth Strongest Since President Trump’s Election

Blog
The U.S. economy added 313,000 new jobs in the month of February, according to the February 2018 Employment Situation report published today by the Bureau of Labor Statistics. More from the Department of Labor : “Job growth was the strongest since President Trump’s election, with 313,000 jobs created in the month of February. The non-stop job creation since the election has yielded 2.9 million...

Helping the American Economy Grow: 2018–2022 Strategic Plan

Blog
I’m excited to present the U.S. Department of Commerce’s 2018–2022 Strategic Plan . It sets out the priorities I’ve established for the Department and informs the public about our important work. The Department of Commerce has one overarching purpose: Helping the American Economy Grow . American workers and businesses operate in a rapidly changing and increasingly competitive world. To address...

Tax Cuts Act a Win for American Business and the American Worker

Blog
Earlier this week, Congress passed the first overhaul of the U.S. tax system in more than three decades. The historic Tax Cuts and Jobs Act will cut taxes across the board for working families and businesses both large and small. The Act also will make American more competitive, will bolster continued job creation and will help increase wages for American workers. “President Trump’s tax plan will...

Registration Now Open For 2018 SelectUSA Investment Summit

Blog
Today, I am pleased to announce that registration is open for the 2018 SelectUSA Investment Summit, with this year’s theme of: Invest Here. Grow Here. Succeed Here. The SelectUSA Investment Summit will take place on June 20-22, 2018, at the Gaylord National Resort and Convention Center near Washington. The goal is to connect global business leaders with U.S. states and their economic development...

U.S. Economy Grows Faster than Expected in 3rd Quarter

Blog
The Bureau of Economic Analysis (BEA) announced that the U.S. economy grew at a 3.3 percent pace in their third quarter of 2017 – faster than their initial estimate of 3.0 percent . More from BEA : GDP Increases in Third Quarter Real gross domestic product (GDP) increased 3.3 percent in the third quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. In...

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...

U.S. Economy Grew At 3% Pace For 2nd Straight Quarter

Blog
The Bureau of Economic Analysis (BEA) announced today that the U.S. economy grew at 3.0 percent pace in the third quarter of 2017 . This is the second straight quarter that the economy grew at a 3 percent pace – BEA's third estimate for the second quarter showed that the U.S. economy grew at a 3.1 percent pace . The last time the economy grew at a 3 percent pace for two consecutive quarters was...

Statement from U.S. Secretary of Commerce Wilbur Ross on Q3 2017 Three Percent Economic Growth

Press releases
"Today’s release of the gross domestic product growth for Q3 2017 proves that President Trump’s bold agenda is steadily overcoming the dismal economy inherited from the previous Administration. This is a remarkable achievement in view of the recent hurricanes which have shattered so many lives. As we work together to help those areas recover, I am confident that they will rebound stronger than...

U.S. Department of Commerce Releases Report on Promoting Energy Independence and Economic Growth Through Deregulation

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross submitted the Department of Commerce’s report in response to President Trump’s executive order “Promoting Energy Independence and Economic Growth” to Office of Management and Budget Director Mick Mulvaney. This report identifies and addresses regulatory burdens inside of the Department of Commerce that encumber energy production, strangle economic...