Gary Cohn: Tariffs Have Failed, Trump Should Ease Up on China for a Win | WHAT REALLY HAPPENED


Gary Cohn: Tariffs Have Failed, Trump Should Ease Up on China for a Win

Former White House chief economic advisor Gary Cohn said President Donald Trump is losing the trade war and urged him to cut an easier deal with China to score “a big win.”

Cohn, the former president of Goldman Sachs who served as President Donald Trump’s first director of the National Economic Council, also attacked Peter Navarro, director of the National Trade Council, and Commerce Secretary Wilbur Ross in an interview with Steven Dubner for the “Freakonomics” radio show broadcast Wednesday.

Cohn argued that while he supports President Trump’s stance against China’s theft of intellectual property, forced technology transfers, and closed market, the administration’s strategy of using tariffs was not effective.

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