Ben White – Politico)
Wall Street is losing its main man in the White House.
Gary Cohn, the hard-charging former Goldman Sachs president who eased market fears about President Donald Trump’s erratic presidency, said Tuesday he would leave in the coming weeks after losing a bruising internal battle over trade.
Cohn, a New York Democrat and avowed free-trader, tried desperately to persuade Trump not to impose sweeping tariffs on steel and aluminum, arguing they would kick off a global trade war that could damage the U.S. economy.
Trump so far has ignored Cohn’s advice, siding with nationalist advisers who strongly favor the tariffs. A meeting planned for Thursday at the White House with executives from companies that could be hurt by tariffs has now been canceled. Click here to read more.
- Gary Cohn Says He Will Resign as Trump’s Top Economic Adviser (New York Times)
- Cohn Resigns from White House (The Hill)
- Peter Navarro Gets His 15 Minutes of Fame as the Salesman for the Trump Tariffs (Washington Post)
- Global Stocks Slump After Donald Trump’s Key Adviser Quits; Fuels Trade War Fears (Reuters)
- An Important Voice for Free Trade Proponents Goes Silent (New York Times)
- Trump Says He’ll Impose Tariffs in a “Loving Way” (Vox)