United Steelworkers

Commerce nominee Ross says top priority is renegotiating NAFTA

Commerce nominee Ross says top priority is renegotiating NAFTA

Billionaire investor Wilbur Ross singled out changes to the nation's free trade agreement with Mexico and Canada on Wednesday as "the first thing" he would address if confirmed to lead the Commerce Department in President-elect Donald Trump's administration.

Speaking before the Senate Commerce Committee, Ross argued that the United States should open its economic borders to countries that "play by the rules." But those that do not, he said, "should be punished - severely."

"I am not anti-trade. I am pro trade," Ross said. "But I am pro sensible trade, not pro trade that is to the disadvantage of the American worker and the...

54°