Tag Archives: Gary Cohn

The BBC reports: US President Donald Trump’s trade war with China is backfiring and impacting the US economy, according to his former chief economic adviser. The tariff battle has had a “dramatic impact” on US manufacturing and capital investment, Gary Cohn told the BBC. Mr Cohn said the tariffs had made it expensive to import vital products from China, counteracting …

Business Insider reports: Conservative economist Larry Kudlow will replace Gary Cohn as National Economic Council director and become the top economic adviser to President Donald Trump according to a new report. Multiple reports say that Kudlow, who is a CNBC contributor, will be named NEC director as soon as Thursday. Trump suggested that the offer was imminent while talking to …

The New York Times reports: Gary D. Cohn, President Trump’s top economic adviser, plans to resign, becoming the latest in a series of high-profile departures from the Trump administration, White House officials said on Tuesday. The officials insisted there was no single factor behind the departure of Mr. Cohn, who heads the National Economic Council. But his decision to leave …

The Hill reports: Sen. Tom Carper (D-De.) said on Wednesday President Trump’s chief economic adviser Gary Cohn told the president he had a bad cell connection as an excuse to stop talking to Trump. “I said to Gary, it was a room where we’re all sitting around this big table, and I said, Gary, why don’t you do this, just …

PBS reports: White House press secretary Sarah Huckabee Sanders is expected to address President Donald Trump and Republicans’ new plan for tax reform in a Thursday news briefing. After significant setbacks on health care this week, senior Republican lawmakers said they were confident about their chances of passing tax reform. After unveiling a nine-page tax reform plan Wednesday, Republican leaders, …

Politico reports: White House economic adviser Gary Cohn insisted Thursday morning that “the wealthy are not getting a tax cut under our plan,” a defense of President Donald Trump’s proposed overhaul of the tax code that contradicts what some experts have said about the plan. Despite Cohn’s assurances, Democrats have argued that Trump’s tax plan will indeed benefit the wealthy, …

Breitbart exults: Gary Cohn may not be Donald Trump’s chief economic adviser for much longer. Cohn’s fraying relationship with the president is raising questions about how much longer the former Goldman Sachs executive will remain in his post, according to a report from Reuters citing “sources close to the White House.” The Wall Street Journal reported, and Breitbart News confirmed, …

The New York Times reports: A prominent Jewish member of President Trump’s administration said that the White House “can and must do better” in consistently condemning hate groups. The sharp critique from Mr. Trump’s top economic adviser, Gary D. Cohn, came nearly two weeks after deadly violence in Charlottesville, Va., in response to a rally led by white nationalist groups. …

The Boston Globe reports: President-elect Donald Trump boasted about his wealth during his campaign. Now he’s surrounding himself with people who have similarly unimaginable riches. Collectively, the wealth of his Cabinet choices so far is about five times greater than President Obama’s Cabinet and about 34 times greater than the one George W. Bush led at the end of his …

The Hill reports: Donald Trump has picked Goldman Sachs president Gary Cohn to direct the National Economic Council in the White House, NBC News reported Friday morning. The council helps advise the president on economic policy. Cohn would be the second Goldman-linked appointment for the president-elect, who already named former Goldman Sachs partner Steven Mnuchin as Treasury secretary. Cohn met …