As reported by CNBC.com, White House chief economic advisor Gary Cohn has resigned from President Donald Trump's administration.

The former Goldman Sachs president and free trade advocate Cohn, whose depature has yet to be announced, departs after Trump announced he would impose stiff tariffs on steel and aluminum imports.

"Gary has been my chief economic advisor and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again," Trump said.

 

"He is a rare talent, and I thank him for his dedicated service to the American people."

Cohn clashed with Trump's protectionist advisors on the issue. At a meeting with steel and aluminum executives Thursday where Trump announced the move, Cohn argued against it, warning about price increases for steel and aluminum products, according to a person in the room.

Market watchers saw Cohn's potential departure as a bad omen for the White House's economic policy. He helped to shepherd massive tax cuts, the Trump administration's only major legislative achievement, which the president signed into law in December.

Financialish Note:  Congratulations to Cohn for finally fulfilling his long-awaited departure. It would appear that he has made this move with his dignity and reputation still intact.

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