White House preparing rollout of Trump's tariff plan

U.S. President Donald Trump is flanked by Director of the National Economic Council Gary Cohn Treasury Secretary Steven Mnuchin Secretary of Transportation Elaine Chao and Director of the Office of Management and Budget Mick Mulvaney as he speaks

That reportedly triggered Cohn's departure from the administration.

The President is "strongly considering" Christopher Liddell to lead the economic team at the White House, the New York Times reports, citing two sources.

"He liked the way Peter presented the issues on TV, and he wanted Peter to represent the president on TV", one aide tells the Journal. "But there's a chance Trump won't be able to resist sticking it to them".

"I think there is a good chance that we will nullify them, at least if I had it my way, because I just don't see it personally", Senator Hatch said.

But Trump's recent announcement that he plans to slap across-the-board tariffs on imported steel and aluminum, coming on top of tariffs announced in January on Chinese solar panels and South Korean washing machines, have dashed hopes of presidential moderation. He was second-in-command at Goldman Sachs before Trump offered him the job in December of 2016.

There have been mixed messages on when Trump will sign an order on the tariffs, with Trump suggesting it could happen later Thursday. "He is a rare talent, and I thank him for his dedicated service to the American people", Trump said.

The South Korean official, Chung Eui-yong, spoke with Trump on Thursday after meeting with national security adviser HR McMaster and others.

Navarro has now become the face of President Trump's trade plan.

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"We've been "Uncle Sucker" ... we have these large trade deficits simply because we're an open market", he added.

Here's a closer look at what Trump's action does, how it would work and whether it's likely to succeed. One is cutting the broad tariffs slightly to 24% on steel and 7.7% on aluminum as recommended by the Commerce Department, although that is unlikely to satisfy U.S. trading partners.

During his sendoff to Cohn, Trump mentioned the dispute over tariffs, saying Cohn "is not quite as strong on those tariffs as we want".

Cohn, who opposed the tariff idea, sat behind Trump during today's meeting, and the president eventually acknowledged the elephant in the room. Mexico and Canada - the country's partners in the North American Free Trade Agreement - are exempted from those tariffs, and other countries will be allowed to petition for separate exemptions.

Sen. Lamar Alexander, R-Tenn., said Trump had listened to him and others who disagree with the direction of the trade policies.

The White House pushed back against the notion that Trump's decision to meet with Kim was made in haste, with spokeswoman Sarah Huckabee Sanders saying, "This has been part of an ongoing campaign that's been going for over a year".

Business officials and congressional Republicans have voiced concern about the tariff's impact on their economy.

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