Tuesday, 25 September, 2018

Some fund managers looking overseas after Trump's tariffs announcement

Economic adviser Gary Cohn is said to have warned the U.S. president that introducing hefty tariffs on steel and aluminum imports could undercut the economic benefits of a sweeping tax overhaul Trump economic adviser Cohn quits after tariffs dispute
Freda Brock | 11 March, 2018, 12:49

Cohn, who served as Trump's chief economic adviser since the beginning of the administration, opposed the administration's planned tariffs on imports of steel and aluminum, first announced March 1, and reportedly tried to get the president to change his course. "He may be a globalist but I still like him". "He's seriously globalist, there's no question, but you know what, in his own way he's also a nationalist because he loves our country".

Mr. Trump's announcement followed an intense debate within the White House between Mr. Cohn and Mr. Navarro and their respective allies, said White House officials.

Mr. Cohn, a Democrat, aligned himself in the constantly shifting White House power structure with Trump's son-in-law, Jared Kushner, and the president's daughter Ivanka Trump.

Despite the disagreement, Trump predicted that Cohn, who he said will leave the White House and "make a couple hundred million", may one day rejoin the administration.

"I have a feeling you'll be back". When he described Cohn as a globalist Trump drew a smiles from cabinet members around the table, including Cohn himself who was sitting behind the president. "He is a rare talent, and I thank him for his dedicated service to the American people", Trump said in a statement.

Ethics watchdog files complaint about Stormy Daniels payment
In it, Trump is caught using crude language about women and describing how he would hit on them. Clifford signed the agreement on the allotted line for "PP" on October 28, 2016.

The president hinted that he might bring Cohn back into his administration in the future, but wished him well in the meantime. Business lobbyists frequently cited Cohn as their strongest ally in the White House.

White House officials told Fox News Cohn's departure date is to be determined, but it's expected to be a few weeks from now.

Brooke Singman is a Politics Reporter for Fox News.

The president said he's going to be "very fair" and "very flexible" on tariffs and reiterated he wants a 25 percent tariff on imported steel and 10 percent on imported aluminum.

One of Trump's longest-serving advisers, communications director Hope Hicks, last Wednesday announced she would depart.

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