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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Woman tourist's death in tent collapse; Two arrested
Wayanad (PTI): Two people were arrested in connection with the death of a woman tourist in a tent collapse at a resort in this hill district, police said on Friday.
Police arrested Swachanth and Anurag, the manager and supervisor of the resort, respectively, and they charged them with culpable homicide not amounting to murder, they said.
The shocking death of the woman tourist had occurred at a resort located near a forested area in Meppadi panchayat in the wee hours of Thursday.
Nishma, a native of the neighbouring Malappuram district had died after the tent, reportedly constructed using wooden poles and thatched with grass, collapsed.
Her three friends also sustained injuries and were taken to a nearby hospital for treatment, police said.
"The manager and the supervisor of the resort were taken into custody for interrogation on Thursday. Their arrests were recorded later," a police officer said.
Both of them were remanded to judicial custody till May 28, police added.
