Trump’s Former Economic Adviser Slams Administration Over Trade War, Says Tariffs ‘Hurt the Economy’

President Donald Trump’s former economic adviser Gary Cohn strongly criticized the administration’s trade policies, slamming tariffs as harmful to the economy and pointing to a record-setting trade deficit in 2018.

“Tariffs don’t work. If anything, they hurt the economy, because if you’re a typical American worker, you have a finite amount of income to spend,” Cohn, a former Goldman Sachs executive who served as Trump’s first director of the National Economic Council, told Freakonomics radio in an interview broadcast Wednesday, CNBC reported. “If you have to spend more on the necessity products that you need to live, you have less to spend on the services that you want to buy.”

Stephen J. Dubner, who interviewed the former Trump adviser, pointed out that the majority of economists agreed with Cohn’s point, except for Peter Navarro, who serves as the president’s director of the National Trade Council. Cohn concurred, saying, “There’s only one in the world” who disagrees, in an apparent jab at Navarro.