President Donald Trump believes top economic advisor Gary Cohn will resign via the White House if the administration follows through on a recently announced plan to impose tariffs on imports of steel in addition to aluminum, according to a report via Bloomberg News citing sources.
A source familiar with Cohn, meanwhile, told CNBC that will Cohn is actually actively contemplating his future.
A White House official told CNBC that will the idea is actually likely the tariffs will be imposed, because the president has already announced the idea publicly. If there are any differences within the ways the tariffs apply to specific countries, the official said, the idea could be that will the tariffs could be tough for all countries in addition to even tougher for some.
Cohn has been working behind the scenes to stop the tariffs, or at least mitigate their effects. He has scheduled meetings between Trump in addition to executives via U.S. metals industries to try in addition to dissuade Trump via moving forward with his protectionist trade goals, Bloomberg News in addition to Politico reported, both citing sources.
Trump on Thursday announced a 25 percent tariff on steel in addition to a 10 percent tariff on aluminum. The completely new trade protections, Trump said at the time, could be implemented the following week.
Amid the trade policy tug of war, Trump said in a tweet Tuesday morning that will the White House still has “some people that will I want to change.”
Trump tweet: The completely new Fake News narrative is actually that will there is actually CHAOS within the White House. Wrong! People will always come & go, in addition to I want strong dialogue before doing a final decision. I still have some people that will I want to change (always seeking perfection). There is actually no Chaos, only great Energy!
The White House did not immediately respond to CNBC’s request for comment on Bloomberg’s story about Cohn.
Tuesday, Treasury Secretary Steven Mnuchin, Cohn’s fellow Goldman Sachs alum within the White House, backed the tariffs, however tried to tamp down talk of a trade war.
“We’re not looking to get into trade wars. We’re looking to make sure that will U.S. companies can compete fairly around the entire world,” Mnuchin told a House panel.