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Trump's Senior Economic Advisor Resigns

Jan 26, 2026 January 26, 2026 1 min read 📰 Radio Farda
📋 Key Takeaway

Gary Cohn, senior economic advisor to President Trump, has announced his resignation, which is expected to be finalized in the coming weeks. Trump plans to appoint a replacement soon, amid ongoing discussions about tariffs on steel and aluminum that could impact international trade relations.

🔍 Quick Context Guide
💡 Bottom Line: Cohn's resignation amid tariff announcements signals potential shifts in U.S. economic policy that could have wide-ranging effects on international trade, including for Iran.

👥 Key Players

Gary Cohn MENTIONED
Senior Economic Advisor to President Trump
"Cohn's role was significant as he influenced U.S. economic policy, including tax reforms and trade tariffs, which can impact global markets, including Iran."
Donald Trump MENTIONED
President of the United States
"Trump's decisions on tariffs and trade policies directly affect international relations and economic conditions, including those with Iran."

📰 What Happened

Gary Cohn has resigned as senior economic advisor to President Trump, with his resignation expected to be finalized in the coming weeks. This development coincides with Trump's announcement of new tariffs on steel and aluminum, raising concerns about potential trade wars.

  • Cohn served as Trump's economic advisor for over a year and previously led Goldman Sachs.
  • Trump's tariff announcement could lead to tensions in international trade relations.

💡 Why It Matters

🇮🇷 For Iran: Cohn's resignation and the potential shift in U.S. economic policy could affect Iran's economy, especially if tariffs lead to increased global prices for goods Iran imports.
🌍 Regional: The Middle East could see increased volatility if trade tensions escalate, impacting regional economies and alliances.
🌐 International: Internationally, Trump's tariff policies could provoke retaliatory measures from other countries, potentially leading to a trade war that disrupts global markets.

📚 Background

Gary Cohn's role as a senior economic advisor was pivotal in shaping U.S. economic policies, particularly regarding tax reforms and trade. His resignation raises questions about the future direction of these policies under Trump's administration.

U.S.-Iran relations Global trade policies
📡 Source: NEUTRAL
📊 Confidence: 70%
The article presents factual information regarding the resignation and its context without apparent bias, making it a reliable source for understanding the event.

On Tuesday, March 5, the White House announced the resignation of Gary Cohn, the senior economic advisor to President Donald Trump. Meanwhile, Donald Trump stated that he would soon introduce Mr. Cohn's replacement. Reports indicate that Gary Cohn's resignation will be finalized in the coming weeks. This comes as Donald Trump has recently announced his plan to impose tariffs on steel and aluminum. Gary Cohn served as Trump's senior economic advisor for over a year and previously led the major bank Goldman Sachs. In a statement, Mr. Cohn expressed pride in serving the American people and enacting laws for economic growth, particularly the 'historic tax reform' program. He added, 'I am very grateful to the President who gave me this opportunity and wish him and the administration great success in the future.' Donald Trump also praised Mr. Cohn's efforts for the American people in a statement. According to the Associated Press, the news of Gary Cohn's resignation comes amid Trump's recent tariff announcement, which could lead to a cold season in international trade relations. The World Trade Organization warned that Trump's tariff decisions could lead to a trade war.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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