• Reuters

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Economic nationalists appeared to gain the upper hand in a White House battle over trade with the resignation of Donald Trump’s top economic adviser, Gary Cohn, on Tuesday, a development that could tip the balance of views in Washington toward ramping up protectionist measures that risk igniting a global trade war.

Cohn did not spell out the reasons for his resignation. He had told Trump that markets would slump on a threat of tariffs and was regarded as a bulwark of economic orthodoxy in an administration whose protectionist policies have sparked alarm among U.S. legislators and in governments around the world.

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