Outgoing economic adviser Gary Cohn (L) listens as U.S. President Donald Trump speaks during a cabinet meeting at the White House in Washington, U.S., March 8, 2018. REUTERS/Kevin Lamarque
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WASHINGTON: Has President Donald Trump's romance with the Goldman Sachs crowd gone cold?Cohn, Goldman's former president, announced his resignation this week after an unsuccessful effort to block Trump from imposing sweeping new tariffs on steel and aluminum imports.Cohn is the fourth high-profile Goldman alumni to leave the administration. He was preceded earlier this year by Dina Powell, former deputy national security adviser, who is returning to Goldman.That leaves Treasury Secretary Steven Mnuchin as the last Goldman veteran holding a top administration job.Trump's reliance on Goldman talent was a surprise to some, given his anti-Wall Street, drain-the-swamp campaign rhetoric.Trump's presidency has been good for Goldman and other major banks.Cohn and Mnuchin were deeply involved in that process and Cohn stayed in the administration to work on it, after he was upset by the president's comments about the racial violence in Charlottesville last August.Cohn's departure has raised concerns about who within the White House will seek to temper Trump's nationalistic instincts.
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