Wilbur Ross Says Investors Are ‘Too Hysterical’ About U.S. Trade Policy
- Tariffs will have negligible effect on U.S. inflation: Ross
- ‘No lack of discussion’ with China on trade issues, Ross says
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U.S. Commerce Secretary Wilbur Ross said there’s too much “hysteria” among investors about the risks to the economy of President Donald Trump’s trade policy, arguing higher tariffs will have a trivial effect on the nation’s rate of inflation.
“I would recommend that investors act rationally, and by that I mean judge this administration by the actual performance that it creates,” Ross said Thursday in an interview with Bloomberg Television’s Julia Chatterley. “Don’t judge it by some sort of hallucination about some sort of bogeyman out there that could be a problem. I think people are altogether too hysterical and I think that calmness is a much more useful investment tool than hysteria.”