Wilbur Ross Says Investor Confidence Risks Fading Within Weeks

The relative calm in US stock markets has an expiration date, according to Wilbur Ross: late June.

The famed corporate raider and former secretary of commerce expects President Donald Trump’s administration to make meaningful progress on trade pacts by the end of next month. Otherwise, Ross said in an interview with Bloomberg News, investor sentiment will sour.

“I think we’re getting to the home stretch of investor confidence,” said Ross, who served as commerce chief during Trump’s first term. “If it takes too much longer, investors will say, ‘Oh, there’s not going to be a deal. We’re going to ...