Tuesday, 21 August, 2018

Trump considering ex-Microsoft executive for economic adviser role

Steel tariffs bring vindication for Trump's feisty trade advisor Peter Navarro Trump considering ex-Microsoft executive for economic adviser role
Russell Knight | 11 March, 2018, 20:25

'Investors panicked in response to Gary Cohn's unexpected although not entirely surprising announcement that he's resigning from his post as Donald Trump's top economic adviser, said Fawad Razaqzada, analyst at Forex.com.

In U.S. economic news, payroll processor ADP released a report private sector employment increased by more than expected in the month of February.

Invest wisely, my friends.

Trump said during the Cabinet meeting that he was "sticking with" a 10 percent tariff on aluminum and 25 percent on steel, but that he will "have a right to go up or down" depending on the country.

President TrumpDonald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump Facebook page denies being influenced by Russians Shulkin says he has White House approval to root out "subversion" at VA MORE's import tariffs on metal and the possibility of retaliation from other nations has reportedly caused some fund managers to reduce their holdings of domestic stock and consider worldwide opportunities.

Mr. Cohns departure indicated Mr. Trump would proceed with the tariffs, Mr.de Bolle said.

Hours before Cohn's resignation was announced Tuesday, Trump set a "line in the sand" asking Cohn if he would support the tariffs-and Cohn did not answer, a White House official and an outside adviser to the president told Fox News.

Ireland clinch Six Nations title after win over Scotland
Three likely tries went south on the back of poor passing decisions, or execution, by Huw Jones, Peter Horne and Stuart Hogg. While Joe Schmidt's men went about their job against Scotland in a professional manner, England were quite the opposite.

Trump Talks With Clinton Impeachment Lawyer About Aiding in Mueller Response
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GOP members are alarmed by the pending departure of Cohn, a former Goldman Sachs executive whom they viewed as a calming, pro-trade force on economic issues capable of countering nationalist voices in Trump's orbit.

Market watchers such as HSBC said the escalation of the trade war rhetoric would lead to a lower dollar, as the markets focus on structural weaknesses of the USA deficits but that could spread to a weakness in emerging market currencies if trade war escalates. Navarro signed on with the Trump campaign as a trade adviser.

President Trump's departing economic adviser "may be a globalist", but the commander-in-chief doesn't hold it against him.

Gary Cohn's abrupt decision to step down was seen as increasing the likelihood of Donald Trump provoking a trade war.

In a statement, Trump gave Mr. Cohn credit for his role in pushing the tax package through Congress and "unleashing the American economy once again".

"He is a rare talent, and I thank him for his dedicated service to the American people".

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