The City Club of Cleveland Podcast Former U.S. Sec. of Commerce Wilbur Ross on His Legacy, Tariffs, and Trump Economics
May 8, 2025
Wilbur Ross, former U.S. Secretary of Commerce and a Wall Street veteran, discusses his notable career and insights into Trump's economic policies. He shares his experiences in negotiating tariffs with China and reflects on the legal complexities surrounding them. Ross also recounts his early financial lessons through revitalizing a steel mill and a pivotal negotiation with Trump during a crisis. His new book, 'Risks and Returns,' offers a candid look at his ascent in both business and the political arena.
AI Snips
Chapters
Books
Transcript
Episode notes
Reviving LTV Steel with Innovation
- Wilbur Ross revived LTV Steel by negotiating significant union contract changes and securing innovative raw material pricing.
- They reduced unnecessary job descriptions and boosted productivity, making the company competitive again.
John Lennon and Dakota Community
- Ross was president of the Dakota board when John Lennon was shot.
- The building community coped with crowds by working with Yoko Ono to host a final ceremony in Central Park.
Negotiating with Trump in 1990
- Ross met Donald Trump during the 1990 bond default of Trump Taj Mahal casino.
- Negotiations were tough but ended with a deal after public pressure and strategic walkouts by Ross.
