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President Trump ribbed Gary Cohn in a cabinet meeting Thursday as his economic adviser gets set to leave his post at the White House.

"This is Gary Cohn's last cabinet meeting," Trump said.

"He's been terrific. He may be a globalist, but I still like him. He's seriously globalist, no question, but he's also a nationalist because he loves our country."

Trump then led a round of applause for the former Goldman Sachs executive, who was seated behind him. 

"He's gonna go out and make another couple hundred million and then he's gonna maybe come back. We'll be here another seven years, hopefully," said Trump, joking that Cohn would have to be in a different role because "he's not quite as strong on those tariffs as we want."

Cohn's exit was announced earlier this week after he opposed Trump's plan to levy a 25 percent tariff on steel imports and a 10 percent tariff on aluminum. 

There have been mixed messages on when Trump will sign an order on the tariffs, with Trump suggesting it could happen later Thursday. Officials, however, said a signing ceremony was unlikely. 

Trump's plan on tariffs has drawn widespread condemnation from Republican leaders and led to a stock market drop in the past week. The president has insisted he will follow through on the tariffs, with possible exemptions for "real friends."

Watch the clip above.

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