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Billionaire investor Wilbur Ross, Commerce Secretary nominee for U.S. President-elect Donald Trump, arrives Wednesday for his Senate confirmation hearing. Ross is warning America's trading partners to practice "fair trade" and cut state control over business if they want access to the world's biggest economy. T.J. Kirkpatrick/Bloomberg via Getty Images hide caption

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T.J. Kirkpatrick/Bloomberg via Getty Images

Ex-Democrat Wilbur Ross Makes Some Republicans Nervous At Confirmation Hearing

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Claudia Caballero, a district manager for Aldi, talks with applicant Manoushka Metellus (right) at a job fair in Florida earlier this month. With a low unemployment rate, consumers are still spending but business inventories fell during the second quarter. Lynne Sladky/AP hide caption

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Lynne Sladky/AP

A worker stokes a burning cauldron at a steel mill in Hefei, in eastern China's Anhui province in 2011. Chinese steelmakers are overproducing, hurting prices and jobs, U.S. Commerce Secretary Penny Pritzker says. STR/AFP/Getty Images hide caption

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STR/AFP/Getty Images