Gary Cohen Resigns as President Trump’s Top Economic Advisor

Luke Bakshandeh, Senior School News Editor

Formerly known as the president of Goldman Sachs, Gary Cohen announced today he will no longer serve the position of top economic advisor to President Trump. The White House is not sure what inclined him to leave, but many believe President Trump’s desire to impose large tariffs on steel and aluminum imports may have led to Cohen’s resignation. However, people close to Cohen state his initial plan was to leave after one year once the 1.5 trillion dollar tax cut went through. Today, President Trump released a statement to the New York Times about Mr. Cohen resigning, stating “Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again. He is a rare talent, and I thank him for his dedicated service to the American people.” We will have to wait and see on future developments on Mr. Cohen and who he is replaced with.