GARY COHN/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump’s former economic adviser Gary Cohn warned that a trade war with US allies could wipe out the benefits of the tax cuts Trump worked to pass…Asked if a trade war could erase the benefits of the tax reform bill passed last December, Cohn said, ‘Yes, it could.’ After a little over a year on the job, Cohn stepped down as director of the White House’s National Economic Council in March after helping to get Trump’s tax bill passed. Cohn’s comment came amid escalating tensions between the US and its allies Canada, Mexico and the European Union over steel and aluminum…He argued that all countries should lower their trade barriers and enforce laws to prevent intellectual property theft. Cohn added later, ‘I don’t know how this totally works out in the end. We need to trade with each other.'”
-Veronica Stracqualursi, “Ex-WH economic adviser Gary Cohn warns of trade war,” CNN Politics, CNN.com, June 15, 2018 10:34 am