Trump plans to name Larry Kudlow his top economic advisor, replacing Gary Cohn: Sources
Here's what Larry Kudlow thinks about trade, tariffs and Trump
President Donald Trump plans to name Larry Kudlow as his top economic advisor, sources told CNBC.
Trump could announce his decision to choos e Kudlow as his National Economic Council director as soon as Thursday. The president offered the economist and senior CNBC contributor the job on Tuesday night, and Kudlow accepted, a person familiar with the matter told CNBC.
Kudlow, 70, would replace Gary Cohn, who resigned last week after losing his fight against tariffs on steel and aluminum imports. Kudlow advocates for free trade and generally opposes tariffs.
When Cohn left, Kudlow expressed his disappointment with the move. On Tuesday, the president said he would welcome disagreement from Kudlow if he chose him for the post.
"We don't agree on everything, but in this case I think that's good," Trump said. "I want to have different opinions. We agree on most. He now has come around to believing in tariffs as a negotiating point."Trump to name Larry Kudlow as top White House economist
Trump won the presidency partly on his promises to shred or renegotiate U.S. trade deals and crack down on trade practices he deems unfair. He argued that the North American Free Trade Agreement, in particular, sapped manufacturing jobs from the United States.
The National Economic Council director advises the president on economic issues and works to implement policy goals. Cohn helped to shepherd the Republican tax overhaul, Trump's signature achievement in office so far, through its passage in December.
Kudlow also supported the tax bill.
Kudlow helped to craft economic policy during the Reagan administration. He informally advised Trump on taxes and other economic issues during his 2016 run for president.Source: Google News