Trump's top economic adviser resigns
Washington: Former Goldman Sachs executive Gary Cohn resigned on Tuesday from his post as chief economic adviser to President Donald Trump due to disagreement with the White House plan to impose tariffs on imports of steel and aluminum.
"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," the 57-year-old Cohn said in a statement.
His resignation reportedly will take effect in the coming weeks.
"Gary has been my chief economic adviser and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again," said Trump in a statement released by the White House.
Cohn is the latest in a long list of Trump's close advisers to resign and the announcement comes just a few days after the departure of the president's faithful adviser and communications director, Hope Hicks.
The president announced last week that he would impose the tariffs despite the opposition of a large number of Republican lawmakers and Cohn.
The departure of Cohn, a Democrat who is a defender of free trade, could have a domino effect on the president's economic decisions and on the financial sector, given that last August the mere threat of his exit caused the investment markets to tumble.
Indeed, in after-hours trading, one exchange-traded fund measuring the broad US stock market - the SPDR S&P 500 ETF Trust (SPY) - fell more than 1 percent after the news of Cohn's resignation broke.
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Gujarat Titans beat Rajasthan Royals by 58 runs
Ahmedabad, Apr 9 (PTI): Gujarat Titans beat Rajasthan Royals by 58 runs in their Indian Premier League match here on Wednesday.
Chasing 218 for a win, the Royals were all out for 159 in 19.2 overs.
Shimron Hetmyer top-scored for RR with a 32-ball 52 while captain Sanju Samson chipped in with a 28-ball 41.
For GT, Prasidh Krishna took three wickets while Rashid Khan and Sai Kishore got two each.
Earlier, Sai Sudharsan struck a breezy 82 to help GT post 217 for 6.
Sudharsan's 53-ball innings was studded with eight fours and three sixes, while M Shahrukh Khan and Jos Buttler made 36 each.
Brief Scores:
Gujarat Titans: 217 for 6 in 20 overs (Sai Sudharsan 82, Jos Buttler 36, M Shahrukh Khan 36; Maheesh Theekshana 2/54, Tushar Deshpande 2/53).
Rajasthan Royals: 159 all out in 19.2 overs (Shimron Hetmyer 52, Sanju Samson 41; Prasidh Krishna 3/24, Rashid Khan 2/37, Sai Kishore 2/20).
