Not many people know former president Donald Trump like Wilbur Ross. Ross has known Trump for decades first as a real estate mogul and then as his boss, serving in the capacity of US Commerce Secretary. As a member of Trump’s cabinet, Ross was instrumental in pushing through tariffs on China and helping to usher in lower taxes for businesses and households. Yahoo Finance executive editor Brian Sozzi goes in-depth with former US Commerce Secretary and long-time businessman Wilbur Ross. Ross takes Sozzi inside the thinking of the former president on all things business, including tariffs on China and the Federal Reserve. Ross also weighs in on what a second Trump presidency may look like and why. Ross – the author of the new book Risks and Returns: Creating Success in Business and Life – goes onto discuss the potential impact of higher taxes and more regulation on business should vice president Kamala Harris win the White House.

Yahoo Finance's Opening Bid, brings you a high-octane take on the freshest analyst calls, wildest stock moves and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor - before the stock market opens.

Find this episode's transcripts and more episodes of Opening Bid at https://finance.yahoo.com/videos/series/opening-bid/.

Thoughts? Questions? Fan mail? Email us at [email protected].

00:00-Wilbur Ross joins Opening Bid

01:00-Wilbur Ross' new book 'Risks and Returns: Creating Success in Business and Life'

07:00-Early lessons in business

15:00-Taxes taxes taxes

20:00-What a Trump vs Harris presidency could mean

Yahoo Finance's Opening Bid is hosted by Brian Sozzi, and produced by Alexander Frangeskides and Rachael Lewis-Krisky. 

Wilbur Ross is an American businessman who served as the 39th United States secretary of commerce from 2017 to 2021. 

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