President Trump's top economic advisor, Gary Cohn, has resigned from his post. This announcement came just days after Trump announced his decision to impose tariffs on steel and aluminum imports, a move that Cohn strongly opposed. Joseph Sternberg is the Wall Street Journal's editorial page editor for Europe, and he joins Cheddar to break down all of this could mean for U.S. and EU relations.
Sternberg explains that Cohn's resignation is just another indication that the Trump tariff decision lacks unity. Beyond that, the EU has also said if these tariffs are put in place, there will be counter-attack tariffs placed against imported goods from the U.S. The goods targeted will likely include Levi jeans, bourbon, peanut butter, cranberries, orange juice, and others.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
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