President-elect Donald TrumpDonald TrumpHillicon Valley — Presented by Xerox — Twitter's algorithm boosts right-leaning content, internal study finds Ohio Democrat calls Vance an 'ass----' over Baldwin tweet Matt Taibbi says Trump's rhetoric caused public perception of US intelligence services to shift MORE is expected to choose Wilbur Ross Jr. to become the next Commerce secretary.
Two senior-level Trump transition team sources told ABC News that Trump will select the billionaire, who is considered by many to be one of Trump's earliest supporters. The Wall Street Journal also reported Trump's choice Wednesday evening.
Ross, a chairman and chief strategist of private-equity firm W.L. Ross & Co., has made his wealth by buying and restructuring companies within the manufacturing and steel industries.
Trump and Ross met on Sunday, and Trump hinted at his decision: "Commerce Secretary, that's what we're looking for," he told reporters as he indicated Ross.