President Trump's top economic adviser resigns

The departure of Gary Cohn sent stock futures tumbling overnight, with investors nervous about a possible trade war. ABC News' Lana Zak reports.
1:42 | 03/07/18

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Transcript for President Trump's top economic adviser resigns
The resignation of president Trump's top economic advisors L rattling Wall Street Dow futures for this morning tumbling overnight. As news of Gary cones departure stoked fears of a trade war. Cohn is leaving after failing to convince the president to drop plans for steep tariffs and on aluminum and steel. ABC's on his act with more. Chief economic advisor Gary Cohn is the 24 White House official to resign little more than a year into the trump administration. President trump has had more high profile advisors quit or get fired in year one than any recent president by far earlier in the day the president had denied that he had problems among his staff. So many people wanna come and I have a choice of anybody I could take any position in the White House. And I'll have a choice of the ten top people having to do with that position everybody wants to be there. But in the case of cone the situation became untenable following a battle over the president's desire to Levy new tariffs on imports of steel and aluminum. Which Kohn impose its. Look yeah. You were remaining in the administration. And I hope so. Just two months earlier Conan the president joked about rumors of his possible departure. To me again them. Are you happy. Just ask some very big deal I think he's pretty happy yes I'm happy I was Timothy. Gary hopefully we'll be safe room. Now cone was just one of about a dozen names that have been floated as possibly on their way out of the administration. And president trump had even begun his day on Twitter speculating that there might be some staff changes that he'd like to see happen. Lana Zach ABC news Washington.

This transcript has been automatically generated and may not be 100% accurate.

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