Ross: Multilateral deals not 'inherently' wrong; Trump tariff threat a 'complicated issue'

Commerce secretary-designate Wilbur Ross, in his confirmation hearing before the Senate Commerce Committee on Wednesday, maintained his opposition to the Trans-Pacific Partnership but said there is nothing “inherently wrong” with multilateral trade agreements. “In general I think it's easier and quicker to negotiate bilateral agreements than it is multilateral,” Ross said in response to a question from Sen. Dean Heller (R-NV) on how he plans to fix the U.S. trade balance. “My concerns about the multilaterals are not that there's...