Trump tax-cut architect resigns in wake of tariffs - Vacation in Mecklenburg-Vorpommern - Kids crave crypto-currencies
The chief economic adviser to US President Donald Trump has resigned from his post amid the row over Trump's plan to impose tariffs on steel and aluminum. Gary Cohn previously worked as president of Goldman Sachs.
The Trump administration has pushed back its decision on tariffs for steel and aluminum from the European Union and other US allies until June 1. Other countries have managed to secure deals for permanent exemptions.
Hours before the tariffs were to go into effect, the US president has exempted the EU and other countries. But China is expected to take the full brunt of the tariffs in what observers believe could trigger a trade war.
The number of sovereign wealth funds planning to underweight US assets in the next 12 months has jumped, a survey showed, with almost a third citing trade wars and increased protectionism as the biggest tail risk.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version