Director of the National Economic Council Gary Cohn at the White House in Washington, September 26, 2017.
After indicating in a tweet that China had been asked to create a plan to reduce its trade deficit with the us, which recently ballooned 16.7% to $36 billion in January, the highest since September 2015, President Trump said last week in a tweet that he planned to take action and put an end to IP theft. That doesn't bode well for Larry Kudlow and other free-traders who are being considered to succeed Cohn.
Liddell's background running major companies and his behind-the-scenes efficiency at the White House has made him an attractive candidate, the official said.
"I have a feeling you'll be back", Trump said to Cohn. But ultimately, increased costs could make it unprofitable to build vehicles in the United States and production will shift elsewhere.
One must only watch a few minutes of Peter Navarro's economic hypernationalist film "Death By China" to understand why President Trump has an affinity for the man.
Cohn was labeled as a "globalist" by more conservative members of the Trump administration.
"We're going to be very fair, we're going to be very flexible but we're going to protect the American worker as I said I would do in my campaign", Trump said during a Cabinet meeting.
In the squabbling Trump White House, no insider is ever above rebuke and no one blacklisted beyond redemption.
Trump mentioned the possibility of tariffs on the campaign trail.
China warned Thursday it was ready to respond to USA tariffs if they materialize. Trump said he plans to authorize tariffs of 25% on steel imports and 10% on aluminum imports.
The South Korean official, Chung Eui-yong, spoke with Trump on Thursday after meeting with national security adviser H.R. McMaster and others.
"In his own way, he's a nationalist because he loves our country", Trump said, welcoming applause. The third option is a mixture of tariffs and quotas, which would consist of imposing stiff tariffs on South Korea, China and Brazil, while giving relatively lenient quotas to Canada, Mexico and the EU.
"They're doing a lousy management job, they have the highest taxes in the nation and they don't know what's happening out there". According to published reports, Trump asked Cohn directly to support tariffs.
With Trump, you never know.