Trump's tariffs show you get what you voted for

The man who manufactures the bombs on Trump

The man who manufactures the bombs on Trump

Matamata-born Liddell, a former chief financial officer (CFO) of Microsoft and General Motors, joined the Trump administration previous year and serves as the White House's director of strategic initiatives.

Critics say Trump has undercut his own justification for the tariffs by linking them to NAFTA.

The departure of Mr. Cohn could have a ripple effect on the financial industry.

Trump also specifically attacked his opponents over their ties to Goldman, lambasting rival Ted Cruz because the senator's wife worked for the bank. "He's seriously a globalist", Trump said. "Just like they have total control over Hillary Clinton". As a presidential candidate, Trump had campaigned against NAFTA as a job-killing disaster that he said encouraged American companies to move factories to Mexico to exploit cheap labor. If Trump chooses to hit China hard, and China responds aggressively, the risk of a wider, economically damaging trade war would sharply escalate.

In the end though, said Paul, "I think it's pretty clear that the president is siding with the economic nationalists".

The White House regimen included a weekly trade policy meeting in the Roosevelt Room where aides with opposing views could talk through ideas to ensure recommendations brought to the president were fully vetted and legally sound.

"It looks a little nasty when you watch it on the news, or as I sometimes call it, the Fake News", Trump said.

More importantly, Trump could ask for quotas and tariffs on a wider range of Chinese products, including furniture, auto parts and electronics, if the U.S. government concludes that China has engaged in unfair intellectual property and industrial policy practices.

"Cohn helped a lot on tax cuts, it's been so great", Trump said. Cohn, Kushner and Mnuchin are all Jewish.

Other countries have threatened reprisals, prompting fears of a global trade war.

It was Cohn, a former Goldman Sachs president, who persuaded President Donald Trump to make a conciliatory speech on trade at the Davos Forum in January, while hinting that the USA might rejoin the Trans-Pacific Partnership. In an especially personal blow, he was required to copy in Cohn on all his emails after being accused of trying to circumvent West Wing processes, according to two people familiar with the policy. In addition, it seems as though the elections will have further consequences on the financial markets.

"It has been an honor to serve my country and enact pro-growth economic policies to benefit the American people, in particular the passage of historic tax reform", Cohn said in a statement on his resignation.

"These days the markets trade hundreds of points each way based on what the president tweets and I am surprised that the markets have been as benign as they have been in the wake of this news", said one investor, who declined to be named.

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