Dow, SPY Down as Trump Economic Adviser Gary Cohn Resigns | Page 2 of 2 | ETF Trends

Trump believes he is making America great again by strengthening the U.S. manufacturing segment, recently tweeting, “To protect our Country we must protect American Steel! #AMERICA FIRST,” while Cohn believes these stiff tariffs will cause price increases for steel and aluminum products. The administration is still working on the exact details of the tariffs.

CNN reports that questions about Cohn’s status inside the West Wing returned in the last week after Trump announced his plans to slap tariffs on steel and aluminum imports.

“That suspicion was furthered on Tuesday — hours before the White House announced his plans to resign — when Cohn was absent from a joint news conference the President was holding at the White House,” CNN reports.


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