Tariff fiasco costs Trump ally in Gary Cohn

Mar 13, 2018, 04:17
Tariff fiasco costs Trump ally in Gary Cohn

White House Director of Strategic Initiatives Christopher Liddell is President TrumpDonald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump Facebook page denies being influenced by Russians Shulkin says he has White House approval to root out "subversion" at VA MORE's top choice to replace outgoing economic adviser Gary Cohn, according to The New York Times. The president's plan to impose the tariffs led to the resignation of White House chief economic advisor Gary Cohn on 6 March 2018.

The president said that the country now has a global trade deficit of $800 billion - a statement he has reportedly made more than 50 times since 2015. President Trump asked Chung to make a surprise announcement at the White House about the outcome of the 45-minute discussion.

The U.S. has a global trade deficit of $800 billion.

Trump's sudden decision to curb steel and aluminum imports on national security grounds triggered Cohn's decision to resign in protest.

"We can think of no one who can fill this seat that will give Wall Street as much comfort as Cohn - particularly with the protectionists on the rise and tariffs top of the agenda".

Since his election in May, President Moon Jae-in of South Korea has been something of an odd man out in Washington's "maximum pressure" campaign on North Korea, calling again and again for talks as U.S. President Donald Trump was threatening "fire and fury".

As a matter of fact, Chung Eui-yong and Suh Hoon, the special envoys to the US, were not initially scheduled to meet with President Trump on Thursday.

Losing policy disputes comes with the job, but the particulars of this loss revealed more about Trump's increasingly self-damaging style of managing his senior officials. "A month ago, Mr. Trump picked up the phone and called an aide to say he had just seen Mr. Navarro on TV and was impressed". Trump essentially blurted out the news at a White House meeting, blind-siding Cohn and the rest of the Administration team, in what amounted to a coup d'état by Ross and the protectionists. They could also try to pass a veto-proof bill to block the tariffs from going into effect, although getting two-thirds support in both the House and Senate could prove very hard. Chung and Suh had originally been scheduled to meet with President Trump on Friday. China, a frequent target of Trump's trade policy criticism, communicated it would do what is necessary to "take effective measures to protect China's rights". Trump's protectionist fervor was central to his politics long before he decided whether he was a Democrat or a Republican, a NY liberal or a heartland conservative.

Still, Trump continues to hold that — as he said at the 2016 Republican Convention — he "alone" can fix things.

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