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B-CR-TEO
Trump’s tariff war nudges Cohn
toward White House exit

Politico, by Ben White and Andrew Restuccia

Original Article

Posted By:StormCnter, 3/3/2018 8:59:16 AM

Gary Cohn, President Donald Trump’s top economic adviser, has been rumored to be on the brink of leaving the White House for months but stayed for one main reason: to stop the president from imposing steep tariffs. By Thursday afternoon, Cohn had lost the fight. In a meeting with steel industry executives, Trump announced plans for a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports. The decision came after a frantic 24 hours in which Cohn and others tried to talk Trump off the ledge. At one point, aides were sure Trump would make the announcement. Then they said he wouldn’t.

Comments:
Alas

      


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Reply 1 - Posted by: WhamDBambam, 3/3/2018 9:02:01 AM     (No. 11560876)

Same rumor, second day.

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Reply 2 - Posted by: jfodoch, 3/3/2018 9:02:18 AM     (No. 11560877)



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Reply 3 - Posted by: earlybird, 3/3/2018 9:05:17 AM     (No. 11560879)

Have they missed anyone?

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Reply 4 - Posted by: earlybird, 3/3/2018 9:12:53 AM     (No. 11560886)

A rerun with a new twist. A few headlines from the Slightly Wayback Machine:

ay Dalio Says You Should Worry About Gary Cohn Leaving Trump
(Fortune; September 12, 2017)

Gary Cohn is reportedly set to leave the White House as soon as tax reform is done
(Business Insider; October 25, 2017)

Rex Tillerson, Gary Cohn and Jared Kushner expected to leave White House as President Trump’s first year draws to close
(Independent, UK; December 1, 2017)

WATCH: Trump calls Gary Cohn up on stage to ask if he´s leaving the White House
(Washington Examiner; January 5, 2018)

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Reply 5 - Posted by: earlybird, 3/3/2018 9:13:30 AM     (No. 11560887)

Re #4, that should be Ray Dalio in headline #1.

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Reply 6 - Posted by: earlybird, 3/3/2018 9:19:47 AM     (No. 11560890)

Even ZeroHedge is in the act, but quite differently. Musical chairs, anyone?

https://www.zerohedge.com/news/2018-03-02/gary-cohn-threatened-resign-over-controversial-steel-aluminum-tariffs

And elsewhere we read that Wilbur Ross may be President Trump’s next financial guy. (He really is already, in essence. Has been for a long time.)

Isn’t it fun to muck around in this? Meanwhile the President watches. Observes.

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Reply 7 - Posted by: Davids918, 3/3/2018 9:29:41 AM     (No. 11560900)

What´s clear is Trump doesn´t just have a bunch of "YES-MEN" in his Cabinet.

Unlike the previous administration who marched in line, to the same tune, and followed orders to the "T".



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R-TA-Wide_2
  


 
Reply 8 - Posted by: Grant Hodges, 3/3/2018 10:11:45 AM     (No. 11560946)

Fake

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Reply 9 - Posted by: TOOTALL, 3/3/2018 10:19:02 AM     (No. 11560951)

Friends,rumors, Administration officials who will go unnamed.....this is trash journalism!

Cohn might not have liked the decision or the way it was handled, so what! Do you think he´ll just way, ´then if you don´t do it my way...I quit!´ The writers are mistaking the actions of the current Administration for the last one! Reasonable people can disagree, and move on. That was/is not the Hawaiian or Progressive way!

Fake news!

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Reply 10 - Posted by: dvc, 3/3/2018 1:09:01 PM     (No. 11561163)

So, protecting US steel and aluminum production is verboten? Only if you want ot Make America Weak Again

Sorry, these are critical, strategic materials and we MUST have robust, capable producers inside our country.

We absolutely CANNOT be in a position that China can cut us off from the ability to manufacture things with steel or aluminum, especially weapons systems. This is a strategic capability and we cannot be so stupid as to let China collapse our infrastructure to make them by shipping us cheap, subsidized steel and aluminum, until our own industry dies, and then they have us by the short hairs.

If the cost of having this critical, strategic manufacturing capability is a few dollars more on products, then it is a very small price to pay to avoid being taking under control of China when we have no capability to make them, and the Dragon decides to suddenly raise prices, or cut off supplies.

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Reply 11 - Posted by: Smart11344, 3/4/2018 12:36:38 PM     (No. 11561967)

I certainly would hope Chinese steel goes through rigorous testing. Look at all the wall board, mad in China was poisonous and had to be replaced in that ravaged areas of Florida, destroyed by hurricanes.If you shop Dollar Stores, be sure to check the country or origin. If the product only says distributed by...skip it. Of course I am referring to food products.

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