(Jonathan Swan – Axios)
Gary Cohn and Steven Mnuchin successfully kept President Trump from making any disruptive trade actions during the tax reform fight. Now that tax reform is done — and Trump remains hell-bent on tariffs — they’re making new arguments to try to mellow his hardwired trade-warrior impulses.
Cohn and Mnuchin are now appealing to Trump’s obsession with the record-breaking run of the stock market under his presidency, according to four sources with direct knowledge.
They’re telling him the stock market is at an all-time high, and that new tariffs on whole industries like steel and aluminum would hurt it. Click here to read more.