Trump's Top Economic Adviser Announces Resignation

Lawrence

News that the president would accept a meeting never taken by a sitting US president came from an unlikely source Thursday evening: a last-minute press statement by a South Korean official standing in the dark on the White House driveway.

Cohn, President Trump's top economic adviser, has announced that he will be resigning from his post.

Cohn, who announced his resignation last week, has reportedly favored his deputy, Shahira Knight, to take over as director of the National Economic Council, but officials say that Knight is uninterested in the position.

President Donald Trump and his administration are dropping clues about a potential Gary Cohn return.

"He and Trump agree on an America First policy when it comes to trade and other issues, so he has emerged as a policy force in this administration". "He is a rare talent, and I thank him for his dedicated service to the American people", Trump said. A onetime silver trader who eventually became the president of Goldman Sachs, Cohn was a lifelong Democrat known for having progressive social views.

A key designer of the president's "America First" economic strategy, Navarro said Trump's recently-proposed tariffs on imported steel and aluminum are created to protect national security, despite threats of retaliation from the European Union. Cohn had lobbied against the tariffs internally.

As predicted by Cohn and others - including national security officials - other countries have threatened to respond to Trump's tariffs by placing their own tariffs on American good, raising prices on consumers worldwide. But Mr Navarro triumphed with Mr Cohn's departure. Last August, the mere threat that he might leave sent financial markets tumbling.

Peter Navarro, a trade adviser to Trump who promoted the tariffs, has also been touted as a candidate for the top economic job, though he has said he is not in the running. Not a backbencher, even day one Trump endorses Romney in Utah Senate race Obama failed on Russia; Trump must get it right MORE's presidential transition team in 2012. In recent days, the president has also lost a speechwriter, an associate attorney general, and his North Korea negotiator. He told aides that he been proclaiming for 30 years that the United States needed a more protectionist approach, according to two White House officials not authorized to speak publicly about private conversations.

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