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US TARIFF THREATS

Wall Street alarmed as Cohn departure fans trade war angst

For traders, the resignation promises another round of turbulence in the markets and fears of a global trade war

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"Of all the Trump administration resignations, this will be the one most meaningful for markets. Cohn (above) was the administration official financial markets had the most confidence in." - Michael O'Rourke, chief market strategist at JonesTrading Institutional Services.

Sydney

PEACE proved fleeting in markets as investors fretted that Gary Cohn leaving the Trump administration prunes it of a key source of stability just as signs of a trade war are multiplying.

Wall Street stocks opened sharply lower on Wednesday as the departure of a key economic

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