(Jeff Cox – CNBC)
Former White House chief economic advisor Gary Cohn lashed out at some of his former colleagues, charging in a radio interview that the U.S. is losing the trade war as administration officials pursue a strategy that hasn’t worked.
Cohn, President Donald Trump’s first director of the National Economic Council, specifically pointed his finger at Peter Navarro, who serves as director of the National Trade Council, and Commerce Secretary Wilbur Ross for drawing the country into a misdirected tariff battle.
“Tariffs don’t work. If anything, they hurt the economy because if you’re a typical American worker, you have a finite amount of income to spend,” the former Goldman Sachs executive told “Freakonomics” radio in an interview broadcast Wednesday. “If you have to spend more on the necessity products that you need to live, you have less to spend on the services that you want to buy.” Click here to read more.
- Audio Podcast: A Free-Trade Democrat in the Trump White House (Freakonomics)
- Gary Cohn Says Trump is ‘Desperate’ for Trade Deal With China (Washington Post)
- Gary Cohn: Top Trump Officials Ratf--ked Us into a Trade War (Vanity Fair)
- Gary Cohn Goes on a Podcast to Confirm We Were Right About Everything (Dealbreaker)