Trump's tariff war nudges Cohn toward White House exit

[DonViejo]

The president's top economic adviser lost a battle to prevent the imposition of steep tariffs pushed by protectionist advisers.

By BEN WHITE and ANDREW RESTUCCIA 03/01/2018 04:50 PM EST

Gary Cohn, President Donald Trump’s top economic adviser, has been rumored to be on the brink of leaving the White House for months but stayed for one main reason: to stop the president from imposing steep tariffs. By Thursday afternoon, Cohn had lost the fight.

In a meeting with steel industry executives, Trump announced plans for a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.

The decision came after a frantic 24 hours in which Cohn and others tried to walk Trump off the ledge. At one point, aides were sure Trump would make the announcement. Then they said he wouldn’t. Finally, sitting alongside steel executives, he did.

The Dow promptly tanked over 500 points, and Cohn’s allies began wondering if this would be the final insult sending the director of the National Economic Council to the exit.

more
https://www.politico.com/story/2018/03/01/gary-cohn-white-house-tariffs-432625

[sunonmars]

1. Last one to leave please turn off the lights

[lapfog_1]

2. This is the same guy that Ali Velshi has on his show occasionally

lying his stinking ass off about how great trickle down voodoo economics is?

Smiling asshole. Not nearly as smart as Ali.