Trumpland

Wilbur Ross: Even a Stock Market Crash Wouldn’t Change Trump Trade Policy

CALL YOUR BROKER

Commerce secretary says president won’t change path.

wilburr_itdm1l
Kevin Lamarque / Reuters

Commerce Secretary Wilbur Ross claimed Monday morning that even a stock-market crash wouldn’t change Donald Trump’s aggressive trade policies. Ross told CNBC on Monday there’s no level of downside in the markets that would change the way Trump approaches trade. Earlier in the morning, the U.S. Chamber of Commerce attacked Trump’s trade policies, saying the billions of dollars of tariffs he’s slapped on international imports risked a global trade war and would make Americans poorer. “There’s no bright-line level of the stock market that’s going to change policy. The president is trying to fix long-term problems that should have been fixed a long time ago,” Ross said. The Commerce secretary added: “There is obviously going to be some pulling and tugging as we try to deal with very serious problems. There will be some hiccups long the way.”

Read it at CNBC