US Secretary of Commerce Wilbur Ross calls Trump's chances of re-election 'fine'

On Tuesday morning, Yahoo Finance kicked off its All Markets Summit: America's Financial Future with a chat between Yahoo Finance Editor in Chief Andy Serwer and United States Secretary of Commerce Wilbur Ross.

During a politically-toned conversation regarding the Trump administration and its effects on the economy, Serwer expressed to Ross that he seemed to be a rarity in the administration, keeping his position in a climate where turnover has become recurrent.

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Wilbur Ross's time as Commerce Secretary
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Wilbur Ross's time as Commerce Secretary
Commerce Secretary Wilbur Ross speaks to the Economic Club of New York in New York City, U.S., October 25, 2017. REUTERS/Brendan McDermid
Commerce Secretary Wilbur Ross stands behind U.S. President Donald Trump, who speaks at the Minority Enterprise Development Week White House awards ceremony, at the White House in Washington, U.S., October 24, 2017. REUTERS/Kevin Lamarque
Commerce Secretary Wilbur Ross and Defense Secretary James Mattis listen as U.S. President Donald Trump meets with members of his cabinet at the White House in Washington, U.S., October 16, 2017. REUTERS/Kevin Lamarque
U.S. Commerce Secretary Wilbur Ross speaks next to U.S. Ambassador to China Terry Branstad during a bilateral meeting with Chinese Vice Premier Wang Yang at the Zhongnanhai Leadership Compound in Beijing, China, September 25, 2017. REUTERS/Andy Wong/Pool
U.S. Commerce Secretary Wilbur Ross shakes hands with Chinese Vice Premier Wang Yang before a bilateral meeting at the Zhongnanhai Leadership Compound in Beijing, China, September 25, 2017. REUTERS/Andy Wong/Pool
U.S. Commerce Secretary Wilbur Ross (3rd R) and Vice President Mike Pence (2nd R) join U.S. President Donald Trump (not pictured) for an event highlighting emerging technologies, in the East Room at the White House in Washington, U.S., June 22, 2017. REUTERS/Jonathan Ernst
U.S. Commerce Secretary Wilbur Ross testifies before a House Appropriations Subcommittee about the newly released 2018 budget on Capitol Hill in Washington, D.C., U.S., May 25, 2017. REUTERS/Aaron P. Bernstein
U.S. Commerce Secretary Wilbur Ross speaks next to Press Secretary Sean Spicer about new tariffs on Canadian softwood lumber from the White House in Washington, U.S. April 25, 2017.REUTERS/Yuri Gripas
U.S. Commerce Secretary Wilbur Ross is welcomed by Japan's Minister of Trade and Industry Hiroshige Seko at the start of their talks in Tokyo, Japan April 18, 2017. REUTERS/Issei Kato
U.S. Vice President Mike Pence (R) swears in Wilbur Ross as Secretary of Commerce as his wife Hilary watches, in Washington, DC, U.S. February 28, 2017. REUTERS/Joshua Roberts TPX IMAGES OF THE DAY
Wilbur Ross speaks, as U.S. Vice President Mike Pence watches, after being sworn in as Secretary of Commerce in Washington, DC, U.S. February 28, 2017. REUTERS/Joshua Roberts
Billionaire investor Wilbur Ross, chairman of Invesco Ltd subsidiary WL Ross & Co, departs Trump Tower after a meeting with U.S. President-elect Donald Trump in New York, U.S., November 29, 2016. Picture taken November 29, 2016. REUTERS/Lucas Jackson
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Ross opened up about his decision to stick by the administration and his current role, telling Yahoo Finance, "my mom was a third-grade schoolteacher at the public school that I attended when I was a kid — from there to here, the U.S. has been very good to me, and now I’m in a position where I can afford to give something back to the country."

Ross continued, adding that he’s worked hard to get to Trump elected and is prepared to work "equally as hard to have [Trump] succeed and be re-elected."

So what does Ross think Trump’s chances are on re-election? 

“I think they’re fine," he said. "What president has done as much to the economy beneficially as this president? What president has made so many more initiatives to make a fairer world, both in terms of sharing the burden of our military assistance to countries all around the world and in terms of trade?"

Ross went on to call Trump’s policies “real landmark events that he’s embarking upon” and called the president an “agent for constructive change.”

Sewer asked Secretary Ross if he was concerned with how the Trump administration would fare from here on out now that the Democrats have taken the House, but Ross didn't seem concerned by the flip.

"Before the change in the house, if you look at the president’s accomplishments, they have importantly come in the form of proclamations and executive orders, other than tax and some of the regulatory reform. We haven’t been able to get that much through the Congress even before [the flip]."

Ross continued, saying, "It would be sad if we do get into a deliberate gridlock situation just because [the democrats’ don’t want to give the president a win."

Ross ended by expressing that he hopes the Democrats will become "more sensible as they take office."

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