Another Resignation At The White House, Trump's Economic Advisor Gary Cohn Quits

| March 7 , 2018 , 12:47 IST

Barely a week after White House Communications Director Hope Hicks announced her resignation on March 1, on Tuesday, Gary Cohn the top economic advisor to US President Donald Trump also announced his resignation.

According to reports, one of the main reasons for Cohn's resignation was him losing the fight against Trump's plans for hefty steel and aluminium import tariffs, although there were said to be other reasons as well. The resignation comes at a time when the US economy is growing, but stock markets are experiencing surges of volatility.

“It has been an honour to serve my country and enact pro-growth economic policies to benefit the American people, in particular, the passage of historic tax reform,” Cohn said in a statement issued by the White House.

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“I am grateful to the president for giving me this opportunity and wish him and the administration great success in the future,” said Cohn.

US President Trump, in a statement, gave credit to Cohn for his role in pushing the tax package through the Congress and “unleashing the American economy once again,” adding, “He is a rare talent, and I thank him for his dedicated service to the American people,” he said.

Apart from the tax package approval, Cohn also tackled an infrastructure initiative which has been slow to gain traction and would likely be further delayed by his departure.

Sources close to Cohn, quoted by Reuters claimed that Cohn and Trump's relationship began to sour from mid-2017 after the economic advisor disagreed with Trump's tepid response to the Charlottesville clashes between neo-Nazis and anti-racism protestors.

Trump tweeted that the decision of a new Chief Economic Advisor would be made shortly, saying "Will be making a decision soon on the appointment of new Chief Economic Advisor. Many people wanting the job - will choose wisely!"

However, administration officials say that Peter Navarro, the director of the White House National Trade Council and conservative commentator Larry Kudlow are the “top two candidates” for the position.