Economic chief Cohn quits amid trade dispute
Top economic adviser Gary Cohn is leaving the White House after breaking with President Donald Trump on trade policy, the latest in a string of high-level departures from the West Wing.
Cohn, the director of the National Economic Council, has been the leading internal opponent to Trump’s planned tariffs on imports of steel and aluminum, working to orchestrate an eleventh-hour effort in recent days to get Trump to reverse course. But Trump resisted those efforts, and reiterated Tuesday he will be imposing tariffs in the coming days.
Cohn’s departure comes amid a period of unparalleled tumult in the Trump administration, and aides worry that more staffers may soon head for the doors.
The announcement came hours after Trump denied there was chaos in the White House. Trump maintained that his White House has “tremendous energy,” but multiple White House officials said Trump has been urging anxious aides to stay.
“Everyone wants to work in the White House,” Trump said during a joint press conference with Swedish Prime Minister Stefan Löfven. “They all want a piece of the Oval Office.”
In a statement, Cohn said it was his honor to serve in the administration and “enact pro-growth economic policies to benefit the American people.”
Trump praised Cohn despite the disagreement on trade, issuing a statement saying Cohn has “served his country with great distinction.”
Cohn is a former Goldman Sachs executive who joined the White House after departing the Wall Street firm with a $285 million payout. He played a pivotal role in helping Trump enact a sweeping tax overhaul, coordinating with members of Congress.
Cohn nearly departed the administration last summer after he was upset by the president’s comments about the racial violence in Charlottesville, Va. Cohn, who is Jewish, wrote a letter of resignation but never submitted it.
“Citizens standing up for equality and freedom can never be equated with white supremacists, neoNazis, and the KKK,” Cohn told The Financial Times at the time. “I believe this administration can and must do better in consistently and unequivocally condemning these groups and do everything we can to heal the deep divisions that exist in our communities.”
Trump loved to boast about the former executive’s wealth, but Cohn’s tenure in the White House was rocky. In the administration’s early weeks, he found himself on the losing side of several contentious battles, including the announcement of plans to pull the United States from the Paris Climate Agreement.
Yet his stock improved to the point that he was one of names Trump was floating for chief of staff last month, when it looked like John Kelly was on thin ice.
Cohn told other White House aides in recent weeks that he would have little reason to stay if Trump followed through with his tariff plans, according to a White House official familiar with his views. The official spoke on condition of anonymity.
“I mean it is no secret that he disagreed with Trump on trade and he was opposed to the policy,” said Stephen Moore, who served as an economic adviser to Trump’s campaign.
The White House did not immediately announce a replacement for Cohn, whose deputy, Jeremy Katz, departed in January. Among those under consideration for Cohn’s job are CNBC commentator Larry Kudlow and Office of Management and Budget director Mick Mulvaney, according to a person familiar with the discussions.
In a tweet earlier Tuesday, Trump sought to portray himself as the architect of the White House staff changes, writing, “I still have some people that I want to change (always seeking perfection).”