Due to the opposition on tariffs on steel that Trump proposed last week, Whitehouse Gary Cohn is planning to resign. The headlines appeared in the New York Times saying that Cohn plans to resign on the back of his free-trade views clashing with Trump's threatened metal tariffs and USD/JPY fell off a cliff instantly on the news. This follows repeated headlines that there are many Republicans who are concerned about the US president's plan to impose tariffs on metals, with the party's top lawmaker calling for it to be scrapped. Last week, US Speaker of the House Paul Ryan also expressed his concerns when he said that ... (full story)