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US commerce secretary pick Ross warns world trading nations to play fair

He also urges them to cut state control over business for access to US economy

Published Thu, Jan 19, 2017 · 09:50 PM
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Washington

BILLIONAIRE Wilbur Ross, nominated by US president-elect Donald Trump to serve as commerce secretary, is warning America's trading partners to practise "fair trade" and cut state control over business if they want access to the world's biggest economy.

"The United States should provide that access to nations who agree to play by our standards of fair trade," Mr Ross said in testimony on Wednesday in Washington before the Senate Commerce Committee, which will vote on his nomination. "We should not put up with malicious trading activities, state-owned enterprises or subsidised production."

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