Statement from the Department of Commerce on the President’s America First Budget Blueprint

The President’s America First Budget Blueprint begins the important task of streamlining government and making it more efficient. It does this while protecting the Department of Commerce’s core missions and directing tax dollars to where the federal government can have the most impact for all Americans.

The Blueprint prioritizes and protects investments that put America first. 
To that end, it strengthens the International Trade Administration’s (ITA) trade enforcement and compliance functions, including the Anti-Dumping and Countervailing Duty investigations, while rescaling the agency’s export promotion and trade analysis activities. It increases funding for the U.S. Census Bureau to continue preparations for the 2020 Decennial Census, and brings private-sector sensibility to our major capital expenditures.

Starting with the America First Budget Blueprint released today, the Administration will be able to fulfill the key priorities of maintaining our national security, spurring job growth, and creating opportunity for all Americans. The Department looks forward to working with its partners across the government to further realize these goals.

Statement From U.S. Secretary Of Commerce Wilbur Ross on International Trade in Goods and Services in January 2017

U.S. Secretary of Commerce Wilbur Ross issued the following statement today on the release of the January 2017 U.S. International Trade in Goods and Services monthly data. The trade deficit in January stood at $48.5 billion, a 9.6 percent increase from December. U.S. imports of goods and services increased to $240.6 billion in January from $235.3 billion in December. U.S. exports of goods and services increased to $192.1 billion in January from $191.0 billion in December.

In January 2017, the trade deficit for goods and services was 11.8 percent higher as compared to January 2016, increasing from $43.4 billion to $48.5 billion. During this period, the largest drivers of the change in the trade deficit were consumer and capital goods. Imports were $18.4 billion higher, driven by $16.3 billion in goods and $1.8 billion in services. Exports were $13.3 billion higher in January 2017 as compared to January 2016, driven by a $10.5 billion increase in goods and a $2.3 billion increases in services.

“Today’s data shows there is much work to be done,” said Secretary Ross. “President Trump has made free and fair trade a central part of his agenda, and correcting this imbalance is an important step in achieving that goal. To that end, in the coming months we will renegotiate bad trade deals and bring renewed energy to trade enforcement in defense of all hard-working Americans.”

The January 2017 International Trade in Goods and Services press release may be found at https://bea.gov

Wilbur L. Ross, Jr. Sworn in as Secretary of Commerce by Vice President Mike Pence

Today Wilbur L. Ross, Jr. was sworn in by Vice President Mike Pence as 39th Secretary of Commerce. Secretary Ross will be the principal voice of business in the Trump Administration, ensuring U.S. entrepreneurs and businesses have the tools they need to create jobs and economic opportunity.

“President Trump used to say on the campaign trail that he had a three-part agenda for the American economy: Jobs, jobs, and jobs,” said Vice President Pence. “With Wilbur Ross as our new Secretary of Commerce, the President and I are confident that the Department of Commerce is going to take its right and leading role in fostering the growth that will create good-paying jobs for every American.”

Secretary Ross will work with businesses, universities, communities, and the Nation’s workers to promote job creation, economic growth, sustainable development, and improved standards of living. He succeeds Secretary Penny Pritzker, who served in the position under President Obama.

“I’m very gratified at the confidence that the President and the Vice President has shown in me and in the Department, and I promise I will live up to every word of my oath,” said Secretary Ross. “I was also very gratified by last night’s vote being 72 to 27, because that suggests that perhaps finally building America up again may become a bipartisan thing rather than contentious. I hope that spirit will carry over as people respond to the State of the Union message tonight.”

Secretary Ross is the former Chairman and Chief Strategy Officer of WL Ross & Co. LLC and has over 55 years of investment banking and private equity experience. Mr. Ross has restructured over $400 billion of assets in the airline, apparel, auto parts, banking, beverage, chemical, credit card, electric utility, food service, furniture, gypsum, home-building, insurance, marine transport, mortgage origination and servicing, oil and gas, rail car manufacturing and leasing, real estate, restaurants, shipyards, steel, textiles, and trucking industries. He has been chairman or lead director of more than 100 companies operating in more than 20 different countries.

Named by Bloomberg Markets as one of the 50 most influential people in global finance, Mr. Ross is the only person elected to both the Private Equity Hall of Fame and the Turnaround Management Hall of Fame. He previously served as privatization advisor to New York City Mayor Rudy Giuliani and was appointed by President Bill Clinton to the board of the U.S.-Russia Investment Fund.

 President Kim Dae-jung awarded Mr. Ross a medal for helping South Korea during its financial crisis and, in November 2014, the Emperor of Japan awarded him The Order of the Rising Sun, Gold and Silver Star.

As a philanthropist, Secretary Ross recently served as Chairman of the Japan Society, Trustee of the Brookings Institution and Chairman of its Economic Studies Council, the International Board of the Musée des Arts Décoratifs in Paris, the Blenheim Foundation, the Magritte Museum in Brussels, and the Palm Beach Civic Association. He was also an Advisory Board Member of Yale University School of Management.

Secretary Ross is a graduate of Yale University and of Harvard Business School (with distinction). He and his wife Hilary Geary Ross have four children, Jessica Ross, Amanda Ross, Ted Geary, and Jack Geary.

2017 North America International Auto Show (NAIAS)


JANUARY 8 – 22, 2017
Cobo Center
1 Washington Blvd.
Detroit, MI 48226

Last January, the 2016 NAIAS featured 61 vehicle introductions, a majority of which were worldwide debuts. News coming out of NAIAS is heard across the globe as more than 5,000 journalists from 60 different countries annually attend to cover the latest and greatest happenings our industry has to offer.

With the integration of AutoMobili-D, the 2017 NAIAS will serve as the world’s leading showcase of vehicles and technologies aimed at defining how people across the globe experience mobility.

NAIAS is unmatched in the industry in presenting six unique shows in one, including: The Gallery, an ultra-luxury automotive event, AutoMobili-D, an inside look at future mobility platforms, Press Preview, Industry Preview, Charity Preview and all concluding with a nine-day Public Show.

THE GALLERY – JANUARY 7, 2017

2017 marks the tenth year of the ultra-luxury automotive event, The Gallery. This event has now become the official kick-off to the North American International Auto Show. Once again, the event is hosted at the luxurious MGM Grand Detroit where a strolling dinner will be served by world-renowned chef Wolfgang Puck in the Ignite Lounge. Guests will then have the opportunity to stroll through the MGM Grand Ballroom and experience a nearly $7 million collection of the most amazing automobiles the world has to offer, including brands such as Aston Martin, Bentley, Ferrari, Lamborghini, Porsche and Rolls Royce. In addition, executives and designers responsible for the creation of these products will be on hand to discuss the brands.

AUTOMOBILI-D – JANUARY 8-12, 2017

Automobili-D is a dedicated exposition focused on the rapidly evolving global automotive and mobility landscape.

Spearheaded by NAIAS, AutoMobili-D will run in conjunction with the 2017 auto show and will feature more than 100 companies, including automakers, tier one suppliers and tech startups. AutoMobili-D will kick-off on Sunday, January 8, 2017, the day prior to the start of NAIAS Press Days (Jan. 9-10), and will run through NAIAS Industry Days (Jan. 11-12). A very prominent industry thought leader will keynote Sunday’s opening ceremony following an open house that will allow guests to network with peers and participating companies as well as interact with the technologies and vehicles on display. NAIAS will dedicate specific press conference slots for participating AutoMobili-D companies on the afternoons of both Press Days.

Planet M Hall will be open:

Sunday, January 8, 2017
2 p.m. – 7 p.m.
Monday, January 9, 2017
11 a.m. – 6:30 p.m,
Tuesday, January 10, 2017
11 a.m. – 6:30 p.m.
Wednesday, January 11, 2017
10 a.m. – 9 p.m.
Thursday, January 12, 2017
9 a.m. – 9 p.m.

Dates and Times
Wednesday, January 11, 2017
Noon – 9 p.m.
Thursday, January 12, 2017
7 a.m. – 9 p.m.

PUBLIC SHOW – JANUARY 14-22, 2017
Experience an automotive event unlike any other. At NAIAS you have the opportunity to see up-close the vehicles and technologies that will shape the future automotive landscape. From muscle and electric cars, to high-performance supercars and full-size trucks, NAIAS has something for everyone to enjoy.

2017 The International Fluid Power Exposition (IFPE)

Tuesday, March 7 – Friday, March 10
Las Vegas, NV
Las Vegas Convention Center
Exhibits 9 a.m. to 5 p.m.
Saturday, March 11
Exhibits 9 a.m. to 3 p.m.
* Times are Pacific Standard Time (PST).

The International Fluid Power Exposition (IFPE) returns every three years to showcase the latest innovations and expertise in the fluid power, power transmission and motion control industries.

Attendance by Job Title

Las Vegas welcomes IFPE 2017 to the Las Vegas Convention Center, March 7-11, 2017. No other show brings as many sectors of the fluid power, power transmission and motion control industries together in one place. IFPE is co-located with CONEXPO-CON/AGG 2017, the largest international gathering place for the construction industries.

Who Exhibits

You’ll have access to the latest products and innovations from over 450 exhibitors. IFPE 2017 features product concentration areas, making it easy for attendees to locate specific products, services and exhibitors of interest. Exhibitor product categories include:

Attendee Primary Interest

  • Electrical & Mechanical Power Transmission 
  • Industrial Hydraulics
  • Mobile Hydraulics
  • Water Hydraulics
  • Pneumatics

Who Attends

From suppliers to service providers, engineers and manufacturers, IFPE brings fluid power professionals from across all disciplines. No other show’s attendees represent more sectors of the fluid power industry than IFPE.

  • Aerospace/Defense
  • Agricultural Engineering
  • Amusement Machinery
  • Automotive Mfg./Supplier
  • Chemical & Petroleum Processing
  • Construction/Mining/Logging
  • Distribution
  • Electrical Machinery
  • Engineering Services
  • Factory Automation
  • Fluid Power Products
  • Industrial Truck Tractor & Stacker
  • Instruments, Controls
  • Machine Tools
  • Material Handling
  • Metal Processing
  • Off-Highway Vehicles
  • On-Highway Vehicles (not autos)
  • Plastics/Rubber Working Machinery
  • Power Transmission

Compete, Win, and Expand Your Business

Upcoming Event
Discover Global Markets: Advanced Manufacturing
Location: Scottsdale, AZ
Date: February 16-17, 2017

Plan to attend this unprecedented national series of conferences designed to help U.S. businesses expand sales, penetrate new markets, and boost their bottom line through exports. Reserve your spot now at a Discover Global Markets event in 2017.

At Each Discover Global Markets Conference, you will:

  • Meet one-on-one with U.S. Commercial Diplomats visiting from abroad
  • Participate in panel discussions on the latest industry trends
  • Identify new and emerging markets of opportunity ahead of your competition
  • Learn about U.S. export programs designed to cut your time to market
  • Network with U.S. trade officials, leading private sector experts and like-minded U.S. businesses active in overseas markets

Who Should Attend?

  • Company presidents, CEOs, COOs, CFOs
  • International sales and marketing executives
  • International business development executives
  • Global logistics and trade compliance executives

China’s online sales of farm produce jump 46%

Xinhua, Dec 20, Online retail volume of China’s farm produce is expected to grow by about 50 percent in 2016 as more farmers use e-commerce platforms to sell their produce.

Online produce sales might reach 220 billion yuan ($32 billion) this year, up over 46 percent over the previous year, according to the Ministry of Agriculture.

Agricultural e-commerce has been developing fast in recent years, reaching 150 billion yuan in 2015, more than triple that of 2013.
The government started a pilot program in 2014 to digitalize agriculture and aims for internet cover in almost all villages by 2020.