(Jennifer Jacobs, Margaret Talev & Justin Sink – Bloomberg)
White House economic adviser Gary Cohn is summoning executives from U.S. companies that depend on aluminum and steel to meet this week with President Donald Trump in a last-ditch effort to halt steep tariffs announced last week, according to two people familiar with the matter.
Cohn is arranging for a White House meeting on Thursday that would include representatives of breweries, beverage-can manufacturers and automakers, along with the oil industry. Trump is scheduled to attend the meeting, said the people, who spoke on condition of anonymity to discuss a policy disagreement.
A Trump order to impose the tariffs would be a huge setback for Cohn, who has vigorously opposed the move, citing concerns that it would harm the economy. This decision is viewed inside the White House as a possible breaking point for Cohn, a former senior executive at Goldman Sachs Group Inc., and some insiders believe he will depart if Trump doesn’t take his advice on the issue. Click here to read more.