Trump's Trade War Stalls Bull Market: Will it Get Worse?

Gary Cohn

His departure came in the wake of losing the policy argument over sweeping new taxes on imported steel and aluminum.

"He liked the way Peter presented the issues on TV, and he wanted Peter to represent the president on TV", one aide tells the Journal. "His Tariff Plan Reminds Them Why".

"I think she should be considered and she would be very good", Portman said Wednesday.

The other big danger is the justification Trump is using for his tariffs: that our national security is threatened by these foreign imports; that in a time of real war, other countries might refuse to sell us steel, for instance.

Lamenting America's role as more "Uncle Sucker" than Uncle Sam, White House National Trade Council Director Peter Navarro said on Sunday that the administration plans to take action to address issues with China's alleged theft of USA intellectual property (IP).

In a television interview late past year, Liddell said he expected people would see a more moderate Donald Trump presidency "than the one seen on the campaign trail".

The resignation followed conversations Mr. Cohn held with the president in recent weeks about the possibility of replacing Mr. Kelly as chief of staff, said people who were briefed on the matter.

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

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I'd like to thank President Trump, the Vice-President and his wonderful national security team, including my close friend, Gen. McMaster. By contrast, the tariff decision is a leadership fiasco that has cost Trump a key ally in Gary Cohn.

Lawmakers opposed to the tariffs, including House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell, have suggested more narrowly focused approaches to target Chinese imports.

"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. We could easily find ourselves in an uncharted situation of multiple rounds of tit-for-tat tariffs that wind up meaningfully reducing living standards in the nations on both sides of the trade war.

More than 100 House Republicans wrote Trump on Wednesday, asking him to reconsider "the idea of broad tariffs to avoid unintended negative consequences" to the us economy and workers.

Many have used the term "globalist" to describe someone who is open to free trade agreements around the world. "I'm sure I join many others who are disappointed to see him leave", Blankfein said in a Tweet.

Republicans in Congress have lobbied administration officials to reconsider the plan and focus the trade actions on China, warning that allies such as Canada and members of the European Union would retaliate.

Will Europe impose reciprocal tariffs on US goods?

Chairman of the Senate Finance Committee Orrin Hatch, a Republican from Utah, has expressed his opposition to the Trump tariffs.