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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MI post 205 for five against DC
New Delhi, Apr 13 (PTI): Kuldeep Yadav's artistry was well complemented by young leg-spinner Vipraj Nigam's happy knack of picking wickets before Tilak Varma's attractive half-century took Mumbai Indians to 205 for 5 in an IPL match here on Sunday.
Tilak (59 off 33 balls) was the only MI batter to capitalise on a good start, hitting six fours and three sixes and making amends for his poor scores in some of the earlier games. Naman Dheer (38 not out off 17 balls) then used the long handle to prop up the total.
On a track where stroke-making wasn't very difficult, the two wrist spinners from Uttar Pradesh snared four wickets between them while giving away 64 runs in their eight overs, which could be termed as brilliant considering the conditions.
The two spinners actually decreased the pace of their deliveries, allowing them to slightly grip off the surface and some of the MI batters perished while going for risky shots.
Rohit Sharma's (18 off 12 balls) wretched IPL form continued as young Vipraj (2/41 in 4 overs) found him plumb in-front with a googly that he missed while trying to go for a slog sweep over the cow-corner. He now has 56 runs from five innings.
For Vipraj, it is some kind of an achievement getting Virat Kohli and Rohit Sharma in back-to-back games.
Rohit's opening partner Ryan Rickleton (41 off 25 balls) did show spark but the seasoned Kuldeep (2/23 in 4 overs) seemed to have tied a thread to the white Kookaburra, controlling its length like a yo-yo.
Kuldeep flighted the deliveries, there was late dip and Rickleton perished while trying to play for the turn but it was a flipper that went straight.
In case of Suryakumar Yadav (40 off 27 balls), who had just started looking dangerous, Kuldeep decreased the pace and bowled the googly as the bat face turned for India's T20 skipper. The result was a simple catch in the deep.
Tilak and Naman then added 62 runs in 5.3 overs overs to take the team past 200-run mark.
