The president put out a statement to deny that his administration was in trouble after senior departures RON SACHS/EPAPresident Trump and the EU exchanged warning shots yesterday as world markets braced themselves for a bruising trade war. The resignation of Gary Cohn, Mr Trump’s chief economic adviser, appeared to signal the president’s determination to impose steep tariffs on imported steel and aluminium. Mr Trump is thought to have summoned Mr Cohn, a former Goldman Sachs banker and the most influential free-trade proponent inside his administration, to the Oval Office on Tuesday to demand he support plans to impose a levy of 25 per cent on imported steel and 10 per cent on aluminium. Gary Cohn quit as Mr Trump’s chief economic adviser after refusing to support his steel tariffs Brendan SMialowski/AFP/Getty ImagesMr Cohn refused to drop his objections and hours later the White House announced his resignation. Even as his staff were scrambling to announce Mr Cohn’s departure, Mr Trump denied…

Source: The Times March 08, 2018 00:02 UTC