Christopher Liddell may replace Gary Cohn at the White House

Trump Says He's Not Worried That Steel And Aluminum Tariffs Might Spark Trade War

Chris Liddell, a former executive at Microsoft Corp and General Motors Co, is under consideration to become U.S. President Donald Trump's top economic adviser, a White House official said on Sunday, confirming media reports. That reportedly triggered Cohn's departure from the administration. It was possible for the two to coexist when the agenda was dominated by debates on health care, which isn't central to either philosophy, and tax cuts, where the two sides could come together. The president's plan to impose the tariffs led to the resignation of White House chief economic advisor Gary Cohn on 6 March 2018. He has tried to have it both ways and, true to form, made it hard to know where rhetoric ends and true beliefs begin. Mexico and Canada - the country's partners in the North American Free Trade Agreement - are exempted from those tariffs, and other countries will be allowed to petition for separate exemptions.

That means, among other things, the Republican party has arrived at a crossroads. Cohn previously indicated that he might resign if Trump followed through with the tariffs. He then delivered President Moon's gratitude for Trump's support for the progress made with North Korea and said the special envoys' visit was primarily meant to convey South Korea's desire for Seoul and Washington to move forward in total cooperation.

For starters, Mr. Trump is acting against imports not by using legal authority created to provide narrow and temporary relief to an industry being hurt by unfair trade practices overseas, as Mr.

But imposing broad tariffs on steel and aluminum imports had the odd effect of hurting producers in friendly countries the most, since China is not a major exporter of steel and aluminum to the USA, compared with Canada, South Korea, Brazil and Mexico.

Although many in Washington would like to see some pushback against China's unfair trade and industrial policies, they also fear that a global trade war over steel and aluminum is not the right way to deal with the problem. Navarro later said he was not on Trump's shortlist. "He's trying to roll them back". Top staffers are heading for the exits, the Russian Federation investigation continues to loom and Trump is facing growing questions about a lawsuit filed by a porn actress who claims her affair with the president was hushed up.

After the 2016 election, he told the New Zealand publication Scoop that "the days of unbridled free trade and unbridled free markets are over". He has professed views that go further even than academic peers who see China's emergence in the global economy as hurting many US workers.


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