On Tuesday, Gary Cohn resigned as President Donald Trump’s top economic adviser. Cohn left due to the imposed tariffs President Trump had suggested putting on steel and aluminum. Cohn was extremely against the idea.
“It has been an honor to serve my country and enact pro-growth economic policies to benefit the American people, in particular the passage of historic tax reform,” Cohn said.
“I am grateful to the president for giving me this opportunity and wish him and the administration great success in the future,” he went on to add.
The president’s announcement on Thursday that he would press forward with a 25 percent tariff on steel imports and 10 percent on aluminum left markets reeling and served as a public rebuke of Cohn, the director of the National Economic Council, who had furiously lobbied against the penalties.
One person with knowledge of the chaotic West Wing decision-making process said Cohn and Commerce Secretary Wilbur Ross, who had recommended the tariffs to the president, privately argued over the issue just hours before it was announced.
This is a large loss for the Trump administration, and a blow to unity within the conservative party. More details as the story develops.
Levi Perry, owner and editor of The Daily Lev.