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Montevideo, November 19th 2018 - 09:21 UTC

Trump's top economic advisor stepping down after losing trade policy battle

Wednesday, March 7th 2018 - 09:14 UTC
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Cohn, the director of the National Economic Council, has been the leading internal opponent to Trump’s planned tariffs on imports of steel and aluminum Cohn, the director of the National Economic Council, has been the leading internal opponent to Trump’s planned tariffs on imports of steel and aluminum

Top economic adviser Gary Cohn is leaving the White House after breaking with President Donald Trump on trade policy, the latest in a string of high-level departures from the West Wing.

Cohn, the director of the National Economic Council, has been the leading internal opponent to Trump’s planned tariffs on imports of steel and aluminum, working to orchestrate an eleventh-hour effort in recent days to get Trump to reverse course. But Trump resisted those efforts, and reiterated Tuesday he will be imposing tariffs in the coming days.

Cohn’s departure comes amid a period of unparalleled tumult in the Trump administration, and aides worry that more staffers may soon head for the doors. The announcement came hours after Trump denied there was chaos in the White House. Trump maintained that his White House has “tremendous energy,” but multiple White House officials said Trump has been urging anxious aides to stay.

“Everyone wants to work in the White House,” Trump said during a joint press conference with Swedish Prime Minister Stefan Löfven. “They all want a piece of the Oval Office.” In a statement, Cohn said it was his honor to serve in the administration and “enact pro-growth economic policies to benefit the American people.”

Trump praised Cohn despite the disagreement on trade, issuing a statement saying Cohn has “served his country with great distinction. Cohn is a former Goldman Sachs executive who joined the White House after departing the Wall Street firm with a US$285 million payout. He played a pivotal role in helping Trump enact a sweeping tax overhaul, coordinating with members of Congress.

Cohn’s departure was anticipated, but met with disappointment on Capitol Hill and among the business community. “I hate to see Gary go,” Senate Majority Leader Mitch McConnell told The Associated Press. “I think he did a great job.”

Categories: Politics, United States.

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