Wilbur Ross, the billionaire investor who was appointed U.S. Secretary of Commerce by President Donald Trump, said trading partners like China and the European Union may say they’re in favor of free trade but their policies show otherwise.
“Many governments across the globe have pursued policies that put American workers and businesses at a disadvantage,” Ross wrote on opinion page of The Wall Street Journal. “For these governments, President Trump and his administration have a clear message: It is time to rebalance your trade policies so that they are fair, free and reciprocal.”
Ross said China’s tariffs are higher than those of the U.S. in 20 of 22 major categories of goods such as sugar, clothing, cotton, transport equipment and machinery. The EU imposes higher tariffs than the U.S. in 17 of 22 categories such as animal products, sugar, machinery and chemicals.
“The EU charges a 10 percent tariff on