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Gary Cohn, President Trump's economic adviser, has resigned from the White House



WASHINGTON (Sinclair Broadcast Group) -- The New York Times is reporting President Trump's top economics adviser Gary Cohn has resigned from his post in the White House.

The Associated Press is reporting Cohn is leaving the Oval Office over a dispute about trade. Earlier this week, President Trump announced he will impose tariffs on imports of steel and aluminum. Some financial experts have expressed concerns that this could cause a trade war.

Cohn released a statement expressing his gratitude toward the president for the opportunity to "enact pro-growth economic policies" for America.

“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. I am grateful to the President for giving me this opportunity and wish him and the Administration great success in the future,” Cohn said.

President Donald Trump said that Cohn did a "superb job" assisting the administrations economic and financial policy goals.

“Gary has been my chief economic advisor 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,” Trump said.

White House Chief of Staff John Kelly said he would miss working as a partner with Cohn.

“Gary has served his country with great distinction, dedicating his skill and leadership to grow the U.S. economy and pass historic tax reform. I will miss having him as a partner in the White House, but he departs having made a real impact in the lives of the American people,” Kelly said.

Cohn has tried to orchestrate an eleventh-hour effort to push Trump to reverse course. But Trump has been resistant to those efforts, and reiterated Tuesday he will be imposing the tariffs in the coming days.

President Trump reportedly spoke with Cohn in recent weeks about replacing Gen. Kelly as Trump's new chief of staff, according to the New York Times. Trump never formally offered Cohn the job but continued to discuss whether Cohn would be interested.

MSNBC is also reporting that there was a seat open for Cohn during Tuesday's press conference with Trump and the Swedish prime minister. Cohn decided not to attend.

Cohn will officially leave in the coming weeks and his resignation comes after Hope Hicks resigned from her role as White House communications director.

The Associated Press contributed to this story.

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