[Daily News| November 30, 2016 |Inside US Trade]
President-elect Donald Trump plans to select Wilbur Ross to be Commerce secretary, Ross said on Nov. 30.
Ross is a private equity investor with years of experience in restructuring struggling firms and operations, including some of Trump’s. He confirmed his selection in a CNBC interview.
Ross told CNBC he wants to fix “dumb” trade deals and claimed that “Mexico has better treaties with the rest of the world than the United States has. We're going to fix that.”
“Mexico has 44 treaties with other countries that make it very advantageous to do international shipping from Mexico rather than from the United States,” he added, according to CNBC.