Gary Cohn's A 'Globalist,' But I Still Like Him

Gary Cohn director of the National Economic Council said late Tuesday he would resign after he lost a fight over tariffs

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. Trump didn't back down and is set to sign the tariffs into law on Thursday.

Trump's chief economic adviser Gary Cohn - a fervent supporter of free trade - resigned earlier this week after Trump announced his tariffs.

Levitt said that if Democrats are able to win a majority in at least one branch of Congress, it could reduce uncertainty by checking Trump's attempts to implement protectionist policies.

Daniel Pinto, a co-president at JPMorgan Chase & Co., said in an interview with Bloomberg on Thursday that USA equities could fall by between 20 and 40% over the next three years if a global trade war breaks out.

"We're comfortable that we're going to manage through this so that it is not detrimental to our growth projections", he told Fox Business. Cohn previously indicated that he might resign if Trump followed through with the tariffs. Still, many European officials argue the American national security case is so flimsy - just 3 percent of USA aluminum and steel production goes to military purposes- that it still violates WTO rules. The order leaves out Canada and Mexico but applies to every other nation, according to the White House.

Liddell was born in Matamata and was chairman of Xero before he joined the Trump administration.

The World Trade Organization, the Geneva-based institution that rules on trade disputes, gives countries wide leeway to determine their national security interests. There's no question. In his own way, but you know what, he's a nationalist. The European Union and other allies are targeting items that include orange juice from Florida, motorcycles from Wisconsin, and tobacco from North Carolina, all of which are politically important states.

Liddell told Stuff he did not have any comment on the newspaper report.

Speaking with reporters little more than a hour before news of Cohn's departure surfaced, Trump said that "I like conflict" and "I like having two people with different points of view, and I certainly have that".

Critics say Trump has undercut his own justification for the tariffs by linking them to NAFTA. "He's as likely to abandon Wilbur Ross and Peter Navarro in the future as he is to embrace them permanently".



Latest news

LS Investment Advisors LLC Sells 225 Shares of Sherwin-Williams Co (SHW)
It turned negative, as 60 investors sold SHW shares while 210 reduced holdings. 72 funds opened positions while 272 raised stakes. Schwab Charles Investment Inc has invested 0% in Esperion Therapeutics, Inc. 502,339 are owned by Ubs Asset Management Americas.

Goodbye, Case Keenum (Denver), Sam Bradford (Arizona), Teddy Bridgewater (NY Jets)
Bradford was the third domino in a wild market for veteran signal callers that opened this week. As it stands now, the Arizona offensive line has some issues to deal with as well.

Shah Rukh Khan's daughter Suhana Khan bags first project
Though Suhana is busy with her schooling in London at the moment, she will soon be prepping for a magazine shoot. Earlier, talking about the interests of his kids, SRK had said that they need to complete their education first.

Apple's 29th WWDC developer conference scheduled to begin June 4th
Apple has reportedly shelved many exciting features intended for iOS 12 , including a home screen redesign and several app tweaks. Apple today announced it will host its 29th annual Worldwide Developers Conference in San Jose from June 4 through June 8.

NFL Network: Danny Amendola to sign with Miami Dolphins
Amendola is also an experienced return specialist, which could mean he'll push receiver/returner Jakeem Grant for his role. The receiver had taken paycuts in each of the last three seasons, and it looks like he chose to cash-in this offseason.

Other news