Billionaire sworn in to oversee commerce
Vice President Mike Pence administered the oath of office to Wilbur Ross on Tuesday, a day after the Senate voted 72-27 to confirm him.
Ross had already been advising Trump on economic policy and helping him to craft ways to rewrite the tax code.
With Ross entering the Cabinet, the most important members of Trump’s economic team are in place just in time for looming fights over the budget, health care and tax legislation.
Compared with some of Trump’s other Cabinet picks, Ross had his confirmation process move ahead with relative ease.
A former Democrat, Ross, divested a significant portion of his holdings to avoid conflicts of interest before taking the helm of the Commerce Department.
He sent jobs to Mexico when he was the head of a car parts company, benefiting from some of the NAFTA provisions that he will most likely be looking to unwind.
[...] he is maintaining a minority stake in a company backed by the Chinese government.