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Wilbur Ross

Wilbur Ross

Wilbur Louis Ross Jr. is an American investor and the current United States Secretary of Commerce. On November 30, 2016, then-President-elect Donald Trump announced that he would nominate Ross for that post.

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Biden's commerce secretary nominee promises very aggressive stance on China
International

Biden's commerce secretary nominee promises very aggressive stance on China

Former US President Donald Trump's aggressive stance on China is set to continue as President Joe Biden's nominee who will head the US Department of Commerce Gina Raimondo told the Senate on Tuesday that she will be very aggressive against China's unfair trade practices.

US new rules to block telecom tech purchases from China, 5 other 'adversaries'
International

US new rules to block telecom tech purchases from China, 5 other 'adversaries'

The United States on Thursday (local time) announced new rules to block purchases of technology and communication equipment from five "foreign adversaries" including China.

US blacklists Chinese oil giant CNOOC, adds Skyrizon to Military End User list
International

US blacklists Chinese oil giant CNOOC, adds Skyrizon to Military End User list

Washington [US], January 15 The United States on Thursday (local time) added the Chinese oil giant, CNOOC Limited, ...

TikTok, WeChat to be banned from US app stores on Sunday
Technology

TikTok, WeChat to be banned from US app stores on Sunday

San Francisco, Sep 18 The TikTok and WeChat apps will be banned from US app stores starting Sunday, ...

US imposes tighter restrictions on exports to China
International

US imposes tighter restrictions on exports to China

The new rules will require licences for US compes to sell certain items to military entities in China, even if those goods are for civilian use.The new rules also eliminate a civilian exception that allows certain US technologies to be exported without a licence if they are for a non-military entity.

US extends Huawei 90-day reprieve for third time
International

US extends Huawei 90-day reprieve for third time

The US Department of Commerce has announced that it would extend a temporary license loosening restrictions on business deals with Chinese tech giant Huawei for another 90 days.

India can win big from inevitable $350-550bn exports moving out of China: Credit Suisse
National

India can win big from inevitable $350-550bn exports moving out of China: Credit Suisse

India could potentially be one of the big winners from the US-China trade war, according to a Credit Suisse survey of 100 companies with global sales of $1 trillion that projects $350-550 billion of exports will shift out of China and that this is "inevitable even if slow".

US evinces displeasure over India's 'protectionist' measures
Business

US evinces displeasure over India's 'protectionist' measures

The US on Thursday expressed its displeasure over some of India's trade protectionist measures especially related to small retailers, but also reaffirmed commitment to come up with a trade deal soon.

Despite extension, US sanctions politically motivated: Huawei
Business

Despite extension, US sanctions politically motivated: Huawei

Chinese tech giant Huawei Technologies on Monday criticized the sanctions imposed by the Donald Trump administration as being "politically motivated" and "unjust."

Trump decides not to impose quotas on uranium imports
Business

Trump decides not to impose quotas on uranium imports

US President Donald Trump announced that he would not impose quotas on uranium imports despite Department of Commerce's findings that foreign uranium poses a threat to national security.

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