Published: Tue, March 13, 2018
Global Media | By Garry Long

Trump's Top Economic Adviser Announces Resignation

Trump's Top Economic Adviser Announces Resignation

President Donald Trump's team played down talk of a trade war Wednesday as it fought to limit a financial market sell-off, promising a quick decision on contentious tariffs that prompted a popular economic advisor to the president to quit. The president made the decision at a hurriedly put together White House meeting in which he invited CEOs from the nation's biggest producers, despite warnings from his own economic advisers that the plan could be risky, and without the usual preparation for detailing how the policy would be implemented.

He also poked fun at Cohn's feelings on free trade, which differ greatly from his own.

But Mr. Moon's persistence suddenly appears to be paying off. Mr. Trump's head-spinning decision to accept an invitation to meet with Kim Jong-un, North Korea's leader, amounts to a remarkable diplomatic coup for Mr. Moon, who engineered the rapprochement in a whirlwind of diplomacy that began at the Winter Olympics last month and gained momentum faster than perhaps even he had anticipated. "He is a rare talent, and I thank him for his dedicated service to the American people". "He's seriously a globalist", Trump said.

"You know there's always somebody in the KKK that will be ready to show up and let him cry on their shoulder", he said. "In his own way, he's a nationalist because he loves his country".

Cohn was in the middle of a major policy dispute inside the Trump administration over trade policy. But that impulse is driven less by a philosophical commitment to open trade among economic partners than by a desire to use the threat of lowering the tariff boom to force renegotiation of the North American Free Trade Agreement.

As a candidate, he campaigned on a promise to bring back American jobs and place American interests first on the global stage, a sharp departure from the policies of his predecessor, former President Barack Obama.

Elizabeth Warren rejects DNA test to settle Native American heritage claim
Harvard Law School now has only one tenured minority woman, Gottlieb Professor of Law Elizabeth Warren , who is Native American. Trump has taken to calling Warren "Pocahontas" as a derogatory term because she claims to have Native American ancestry.

Trump wouldn't say exactly what was coming, but he stressed: "Hopefully, you will give me credit".

"As a right-wing conservative and founding member of the Freedom Caucus, I never expected that the coworker I would work closest, and best, with at the White House would be a 'globalist, '" he said in wishing Cohn well. "He's not quite as strong on those tariffs".

"Gary's shoes are going to be large to fill and I have no idea who would want to take on that role".

Cohn announced his resignation on Tuesday, after an unsuccessful bid to prevent the President's promised tariffs on foreign metals.

The South Korean official, Chung Eui-yong, spoke with Trump on Thursday after meeting with national security adviser H.R. McMaster and others. Navarro later said he was not on Trump's shortlist.

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