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Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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Wilbur Ross Steps Up as Trump’s Commerce Secretary

February, 28 2017
watermark Economic news

The US Senate has already confirmed the appointment of billionaire Wilbur Ross as US Commerce Secretary. Ross’s nomination for the position has been approved by the Senate, 72-27, at Washington. D.C. last Monday evening. Ross is set to be officially sworn in this coming Tuesday at the White House. During his term as Commerce Secretary, Ross is expected to do good on the administration’s promise to prioritize NAFTA and become level with China, a nation known for its highly-protectionist trading policies.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.