Outgoing Economic Adviser Is 'A Globalist, But I Still Like Him'

President Trump and Gary Cohn affirm their support for each other at Camp David on Jan. 6

Mr. Trump said in a tweet on Tuesday night he "will be making a decision soon" on replacing Mr. Cohn. Administration officials said Peter Navarro, director of the White House National Trade Council, and conservative commentator Larry Kudlow were the "top two candidates" for the job.

Hours before Cohn's resignation was announced Tuesday, Trump set a "line in the sand" asking Cohn if he would support the tariffs-and Cohn did not answer, a White House official and an outside adviser to the president told Fox News.

The administration's high turnover of key staff is also leading to a lack of confidence in Trump's policies, Reuters noted.

"This is Gary Cohn's last meeting in the Cabinet", Trump said at the beginning of the meeting.

Haven assets rose Wednesday on the uncertainty in USA policy, with the 10-year Treasury yield falling to 2.856% from 2.877% in late NY trading.

"One of the adults in the room has left".

Early excitement at North Korea's offer of denuclearisation talks helped European market sentiment, dealers said, as did a gradual recovery of the dollar.

Japan Finance Ministry set to admit altering land deal papers
But the Board of Audit of Japan said in November the discount happened because the price was not properly calculated. The report alleged some parts of the documents submitted to the Diet past year were different from the originals.

"I still have some people that I want to change (always seeking perfection)".

'The market's reaction suggests investors are now even more concerned that with one of Trump administration's strongest free trade advocates gone, that the United States trade policy will head further into protectionist territory.

Joined by National Security Adviser HR McMaster, Mr Cohn had argued repeatedly and passionately to Mr Trump that the tariffs on imported metals would damage the relationship between the U.S. and its closest allies while threatening to erase some of the benefits of $1.5 trillion tax cut legislation the president signed into law late previous year. His departure date is to be determined but will be a few weeks from now, a White House official said.

But he ultimately stayed on until Trump made a decision to impose tariffs on imported steel and aluminum.

"He's been terrific", Trump said of Cohn, who is Jewish. "But things are not that simple as investors have to worry about a potential trade war with the U.S", he added.

Reports say Cohn who opposed Trump's planned tariffs, hinted the White House about his resignation last week, and reportedly tried getting the president to change course.

He also emerged as a main driver of a sweeping tax overhaul passed by Congress in December and signed into law by Mr. Trump.

Related News:

  • Massive Fire Breaks Out in Theni; 21 Students Trapped, 7 Injured

    Massive Fire Breaks Out in Theni; 21 Students Trapped, 7 Injured

    The Indian Air Force (IAF) has been sent to Kurangani hills in Top Station near Kurangani to rescue the trapped students. Sitharaman also said that apart from government agencies, individuals are also coming out to help the students.
    Barcelona reach agreement to sign Arthur from Gremio for £26.6million

    Barcelona reach agreement to sign Arthur from Gremio for £26.6million

    And the club have confirmed an agreement has been reached, and they have the option to sign him for £26m plus £8m in add-ons in July.
    De Villiers and South African tail flay Australia

    De Villiers and South African tail flay Australia

    Nightwatchman Rabada was the only wicket to fall in the first two sessions on day two, out for 29 when he played on to Cummins. They dismissed Australia for 243 with openers Colin Bancroft and David Warner remaining their highest run scorers.
  • RAW Deal: The Fastlane to WrestleMania 34

    RAW Deal: The Fastlane to WrestleMania 34

    For storyline purposes, Styles is the most likely champion to lose Sunday since he'll be fighting the six-man main event. For the Women's Championship , Ruby Riott has challenged Charlotte, and I think we all know how that will go down.
    France beat uninspired England, Ireland win Six Nations title

    France beat uninspired England, Ireland win Six Nations title

    By the time new cap Blair Kinghorn claimed Scotland's sole try , Ireland had three, two to wing Jacob Stockdale . He questioned Jones' use of substitutions and said first five-eighth Ford was "the biggest worry of all".
    North Korea: Time To Talk?

    North Korea: Time To Talk?

    Trump's aides have been wary of North Korea's diplomatic overtures because of its history of reneging on global commitments. He mocked US Secretary of State Rex Tillerson in October a year ago for "wasting his time" trying to talk to North Korea.
  • Los Angeles Lakers vs. Cleveland Cavaliers - 3/11/18 NBA Pick, Odds, and Prediction

    Los Angeles Lakers vs. Cleveland Cavaliers - 3/11/18 NBA Pick, Odds, and Prediction

    He is averaging 14.2 points off the bench this season, which ranks second in the National Basketball Association . James' combined points, rebounds and assists have gone up every season since returning to the Cavaliers in 2014.
    Huawei Y9 (2018) announced with 18:9 display and four cameras

    Huawei Y9 (2018) announced with 18:9 display and four cameras

    Being a mid-range smartphone, the Huawei Y9 is packed with all types of advanced technical features of the current generation. The Huawei Y9 (2018 ) comes with Android Oreo out of the box with Huawei's EMUI 8.0 and also houses a big 4,000 mAh battery.
    UP: Doctors face suspension after severed limb used as headrest in hospital

    UP: Doctors face suspension after severed limb used as headrest in hospital

    Almost a dozen children were injured in the accident, the police said. After the accident, he was later shifted to the medical hospital.
  • Man United sink Liverpool, unsavoury scenes at West Ham

    Certainly it was proved enough to open up Liverpool's defence. "There will be no further comment at this time". The former Crystal Palace manager was speaking on BT Sport's Premier League Tonight on Saturday.
    Trump reaches out to Clinton impeachment lawyer

    Trump reaches out to Clinton impeachment lawyer

    Maggie Haberman, the New York Times White House correspondent who co-wrote the story with Michael Schmidt, immediately responded. He also worked two years in the White House counsel's office to handle congressional inquiries against President George W.
    Rabada destroys Australia in the first innings

    Rabada destroys Australia in the first innings

    In Rabada's case the alleged offence is that of making inappropriate or deliberate contact with another player. The International Cricket Council takes a dim view of any unnecessary physical contact on the field.


Most liked

Russian Federation 'launches hypersonic missile'
Hypersonic speed, combined with flight and technical characteristics of MiG-31, is what makes the Kinzhal missile unique . Footage Russia released shows two pilots gearing up to take off and then flying toward a jet holding a massive missile.

Short Interest in Comcast Co. (CMCSA) Rises By 33.8%
It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks divisions. It improved, as 26 investors sold PKI shares while 93 reduced holdings. 54 funds opened positions while 148 raised stakes.

Bayern Munich striker Robert Lewandowski reaches historic milestone after hattrick
Wolfsburg remains level on points with Mainz, which lost to Schalke 1-0 on Friday and occupies the relegation-playoff place. The home side continued to dominate and were rewarded with two goals in quick succession 10 minutes from time.

Bihar bypolls: All you need to know about the poll-bound state
The ruling Janata Dal (United) and the BJP are facing a Congress and Rashtriya Janata Dal combine in all the three battles. The bypolls on the two seats are being termed by Chief Minister Adityanath as a rehearsal for the 2019 Lok Sabha election.

Paul Ryan Tax Cut Showcase Upstaged by Trump Tariff Announcement
Lawmakers from both parties said Trump's action on trade would hurt the economy and increase prices for consumers and businesses. Ryan told Home Depot Inc . employees how they and their company will be helped by the tax cuts passed previous year .

Special Counsel Robert Mueller Is 'The Bachelor' In New SNL Cold Open
Cecily Strong plays Becca K., who's heartbroken over what McKinnon's sheepish Mueller has to say. "I was ready to do the whole damn thing".

Club shut down after woman rides horse onto dance floor
She has since claimed that she " did not ride the horse into Studio 54 " she just " got on it " while it was inside the club. A video of the incident was shared widely, provoking immediate condemnation and demands that the Mokai Lounge be closed.

California mum and her son die in snow in 'freak accident'.
The mother and son were flown to area hospitals, where both were pronounced dead, according to the Sheriff's Office. The two were found buried under three feet of snow near the Kirkwood condominium complex where they were staying.

EU And UK In Another Spat Over Expat Rights
He said: "We should all be clear that also when it comes to financial services , life will be different after Brexit". Of course, associate members typically do not have voting power and have to rely on soft influence.

The question: Can Arsene Wenger win back the Arsenal fans?
With the momentum back in their favour, Aubameyang doubled Arsenal's lead in the 59th minute. The Czech goalkeeper also denied Richarlison's header deep into first half stoppage.

European Union plans extra tariffs on 'certain' U.S. whiskies
Japan, the United States' top economic and military ally in Asia, is among the other nations seeking to join the exemption list. Mr Trump said these exemptions were to facilitate negotiations for a revised North American Free Trade Agreement (Nafta).

Elizabeth Warren refuses DNA test to prove Native American heritage
On her ancestry, the Massachusetts Senator says: "It's a part of who I am and no one's ever going to take that away". He fell in love with this tall, quiet girl who played the piano.

The Case for and Against Exxon Mobil Corporation (XOM)
It is negative, as 83 investors sold QCOM shares while 490 reduced holdings. 91 funds opened positions while 283 raised stakes. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Exxon Mobil in the second quarter worth $175,000.

Facebook To Stream 25 MLB Games Exclusively This Season
It is also the latest instance of Silicon Valley's biggest names getting involved with America's favorite sports leagues. These will be available on Facebook Watch in the US and around the world.

Lawmakers approve budget bills, but there's more work to be done
Kentucky lawmakers are looking at a bill which would temporarily reduce annual cost-of-living raises for retired school teachers. The union hand-delivered a letter to Scott this week, asking him to veto the "guardians" section of the bill, she said.