White House promises quick tariff decision

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Outgoing economic adviser Gary Cohn (L) listens as U.S. President Donald Trump speaks during a cabinet meeting at the White House in Washington, U.S., March 8, 2018. Trump's White House staff has been depicted as divided between "globalists" like Cohn, Trump's son-in-law Jared Kushner and Treasury Secretary Steve Mnuchin, and "nationalists" like former chief strategist Steve Bannon, trade adviser Peter Navarro and Commerce Secretary Wilbur Ross.

President TrumpDonald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump Facebook page denies being influenced by Russians Shulkin says he has White House approval to root out "subversion" at VA MORE's import tariffs on metal and the possibility of retaliation from other nations has reportedly caused some fund managers to reduce their holdings of domestic stock and consider worldwide opportunities.

"You know there's always somebody in the KKK that will be ready to show up and let him cry on their shoulder", he said. That reportedly triggered Cohn's departure from the administration.

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That usage of globalist has overlapped on the "alt-right" with anti-Semitic connotations.

Trump said in a tweet on Tuesday night that he "will be making a decision soon" on replacing Cohn, the latest in a string of high-level departures from the White House.

"We can think of no one who can fill this seat that will give Wall Street as much comfort as Cohn - particularly with the protectionists on the rise and tariffs top of the agenda".

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Cohn announced his resignation on Tuesday, after an unsuccessful bid to prevent the President's promised tariffs on foreign metals.

"We're going to have sensible relations with our allies", he told CNBC, claiming that Mr Trump's policy was well "thought through". "At the same time, we have some friends and some enemies where we have been tremendously taken advantage of over the years".

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