Gary Cohn Resigns over Tariff Row

Gary Cohn at Regional Media Day Photo: Wikimedia Commons
Gary Cohn at Regional Media Day Photo: Wikimedia Commons

Gary Cohn, the chief economic advisor of the White House, has resigned from the Trump administration.

A free trade advocate Cohn decided to quit after Donald Trump announced to impose stiff tariffs on steel and aluminum imports.

Cohn’s departure is latest such resignation of top Trump administration officials. The Trump administration has seen many of the top officials including trusted Trump advisers like Steve Bannon quitting within a short time.

The White House chief economic adviser Gary Cohn said in a prepared resignation statement, “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.”

“I am grateful to the President for giving me this opportunity and wish him and the Administration great success in the future.”

“I am grateful to the President for giving me this opportunity and wish him and the Administration great success in the future,” Cohn said.

In response to Cohn’s resignation, President Trump said in a statement to the New York Times, “Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again.

“He is a rare talent, and I thank him for his dedicated service to the American people,” the U.S. President Donald Trump added.

The White House spokeswoman Sarah Sanders replied a reporter being asked why so many top Trump officials left the administration, “this administration has had a historic first year.  We’re going to continue to do great things.  This is an intense place, as is every White House.  And it’s not abnormal that you would have people come and go.  But we’re continuing to do great work.  We’re continuing to focus on the President’s agenda.  And that’s what we’re all here to do.”

Mr. Trump, later on Tuesday, in a Twitter revealing his statement to reappoint a new replacement said, “Many people wanting the job – will choose wisely!”

The U.S. President Donald Trump’s plan to impose tariffs on metals created concern among the Republicans with Paul Ryan urging the president not to advance with this plan.

“We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan,” Ryan spokeswoman AshLee Strong said in a statement on Monday.

“We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan.”

“The new tax reform law has boosted the economy and we certainly don’t want to jeopardize those gains,” AshLee added.

Meanwhile, the President said he will not back down in spite of Ryan’s call on the White House to scrap tariff controversy.

Donald Trump told the reporters during a meeting with the Israeli Prime Minister Benjamin Netanyahu, “We’re not backing down. I don’t think you’re going to have a trade war.”

A war of words over trade began with Trump vowing to impose tariffs on steel and aluminum. The IMF, WTO, and EU voiced against the move.

But a determined Trump, at a press conference with Swedish prime minister Stefan Löfven, said, “The United States has been taken advantage of by other countries, both friendly and not so friendly, for many, many decades, and we have a trade deficit of $800bn per year, and that’s not going to happen with me.

“The European Union has been particularly tough on the United States. They make it almost impossible to do business with them, and yet they send their cars and everything else back into the United States. They can do whatever they like but if they do that, then we put a big tax of 25% on their cars and believe me, they won’t be doing it very long,” President Trump added.

Donald Trump went on, “The European Union has not treated us well and it’s been a very, very unfair trade situation. One of the reasons I was elected is I’m protecting our workers, I’m protecting our companies, and I’m not going to let that happen.”


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