Trump uses antisemitic dogwhistle during Gary Cohn's sendoff
Trump uses antisemitic dogwhistle during Gary Cohn's sendoff
Trump economic adviser Cohn quits after tariffs dispute
11 March, 2018, 12:51
Trump's chief economic adviser Gary Cohn - a fervent supporter of free trade - resigned earlier this week after Trump announced his tariffs.
President TrumpDonald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump Facebook page denies being influenced by Russians Shulkin says he has White House approval to root out "subversion" at VAMORE's import tariffs on metal and the possibility of retaliation from other nations has reportedly caused some fund managers to reduce their holdings of domestic stock and consider global opportunities. Recently, he pressed Trump not to go ahead with tariffs on metal imports, a battle he appears to have lost. "He may be a globalist but I still like him".
Without Mr. Cohn in the picture, Mr. Navarro, an economist, will likely have a clearer field to pursue a protectionist agenda, which squares with Mr. Trump's long-held concerns about trade.
"This is Gary Cohn's last meeting in the Cabinet", Trump said Thursday at the meeting.
President Trump said last week he would impose import tariffs of 25 per cent on steel and 10 per cent on aluminum, a move criticized by a number of prominent Republican lawmakers.
Mr. Cohns departure indicated Mr. Trump would proceed with the tariffs, Mr.de Bolle said.
Cohn was on of the major voices in the administration speaking against the newly announced tariffs on steel and aluminum.
He also emerged as a main driver of a sweeping tax overhaul passed by Congress in December and signed into law by Mr. Trump.
Laughter broke out amongst Cabinet officials, while Trump reiterated Cohn's "globalist" stance. That reportedly triggered Cohn's departure from the administration. The former Goldman Sachs executive has argued that the tariffs will end up hurting the United States economy.
The president hinted that he might bring Cohn back into his administration in the future, but wished him well in the meantime.
"He's been terrific. He may be a globalist, but I still like him", Trump said. Business lobbyists frequently cited Cohn as their strongest ally in the White House.
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He said Congress has given the president too much power over trade deals and, long term, lawmakers should consider changing that. A Mexican government official also denied that any concessions were offered to Washington.
Trump has made the issue personal, taking the unusual step last week of mentioning his concern for his 11-year-old son, Barron. Flake's move came amid a loud chorus of criticism from Republicans, traditionally a free-trade party, for Trump's action.
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