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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Bengaluru: Karnataka mulls ban social media for children below 16, says Priyank Kharge
Bengaluru: The Karnataka government is considering a ban on the use of social media for children below the age of 16, taking inspiration from steps taken by countries such as Australia and Finland, The New Indian Express reported.
Minister for Rural Development and Panchayat Raj and IT-BT, Priyank Kharge, informed the Assembly on Friday that the issue is under discussion. Responding to senior BJP leader and MLA S Suresh Kumar, who expressed concern over the abuse of social media, Kharge admitted that it is a serious issue.
Finland has taken action, the UK is considering similar steps, and Australia imposed a ban two months ago. “We too in the state have launched a digital detoxification programme for responsible use of AI and social media. The IT-BT department, in collaboration with Meta, has been running it by involving over three lakh children and one lakh teachers,” TNIE quoted him as saying.
Kharge said that in March 2025, the government launched the ‘Beyond Screens’ programme to help people dealing with digital addiction. The initiative was announced during the GAFX 2025 summit, along with the opening of a ‘Beyond Screens’ digital detox centre and the launch of an official website.
The detox centre serves as a dedicated hub for resources, counselling and intervention programmes for healthier digital habits.
During the Assembly session, Suresh Kumar also referred to the Economic Survey 2025-26, which was presented in the Lok Sabha on Thursday. The survey recommended that governments consider age-based restrictions on social media use for children.
