The White House on Wednesday says it is eyeing a number of candidates to replace top economic adviser Gary Cohn and remains “very focused on long-term economic success.” The recent announcement of Cohn’s resignation set off alarm bells on Wall Street with stocks opening lower on Wednesday.
White House spokesperson Sarah Huckabee Sanders dismissed market concerns saying, “The economy is still infinitely stronger today than when the president first came in and we’re going to continue building on that. We’ve done a lot of incredible things when it comes to building the economy and creating jobs… and we’re going to keep focusing on that.” Cohn, a former Goldman Sachs executive, is resigning as the head of President Donald Trump’s National Economic Council in the wake of the President’s proposal to impose new tariffs on steel and aluminum imports.
Asked about possible replacements, Sanders declined to make any announcements but affirmed “The president’s got a number of people that could potentially fill that role,” and assured he would “make a good pick that can help him continue to further building the strong economy and continue creating job and continue focusing on long-term economic success.” The White House says it plans to make an announcement on Trump’s new tariffs by the end of this week. The proposal, which calls for tariffs of 25 percent on steel imports and 10 percent on aluminum, upset many US allies, lawmakers from his own political party and members of his administration.
Source: Kuwait News Agency