Kudlow to become Trump's next top economic adviser

President Donald Trump will name Larry Kudlow, the conservative media analyst who served as his informal economic adv...

Posted: Mar 16, 2018 1:01 AM
Updated: Mar 16, 2018 1:01 AM

President Donald Trump will name Larry Kudlow, the conservative media analyst who served as his informal economic adviser during the 2016 campaign, as the next head of the White House National Economic Council, two sources familiar with the decision tell CNN.

Trump offered Kudlow the job Tuesday night over the phone and he accepted, the source said.

White House press secretary Sarah Sanders later confirmed Kudlow's hire in a statement to reporters.

"Larry Kudlow was offered, and accepted, the position of assistant to the President for Economic Policy and Director of the National Economic Council," Sanders said. "We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role."

Trump tweeted on Thursday morning that with Kudlow in his administration, "Our country will have many years of Great Economic & Financial Success, with low taxes, unparalleled innovation, fair trade and an ever expanding labor force leading the way!"

The move makes Kudlow Trump's second top economic adviser after Gary Cohn, a former Goldman Sachs executive who worked for Trump for over a year, announced his resignation earlier this month over internal disagreements around the President's decision to impose tariffs on steel and aluminum imports.

Kudlow was long seen as the front-runner for the job. CNBC first reported Kudlow accepted the offer.

Kudlow's ascension, however, does not solve the disagreement inside the administration over Trump's tariff decision. The cable news personality has been outspoken in opposition to the tariff plan and wrote an op-ed for CNBC earlier this month that detailed his disagreements.

"In other words, steel and aluminum may win in the short term, but steel and aluminum users and consumers will lose," Kudlow wrote. "In fact, tariff hikes are really tax hikes."

Trump acknowledged his disagreement on tariffs with Kudlow in a conversation with reporters on Tuesday, but said he welcomed the difference of opinion.

"I'm looking at Larry Kudlow very strongly. I've known him a long time. We don't agree on everything but in this case I think that's good. I want to have a divergent opinion -- we agree on most," Trump said.

He added that Kudlow has "come around to believing in tariffs as a negotiating point."

Peter Navarro, Trump's top trade adviser and a fervent proponent of the President's tariffs, was seen as the force behind Cohn's eventual departure. The two butted heads over the decision and internally Trump's decision was seen as a win for Navarro and a damaging loss for Cohn.

Wary of the narrative that Navarro and Kudlow will clash in the same way that Navarro and Cohn did, a source close to Navarro said the President's trade adviser is "very happy" with Kudlow's selection.

The source said the two men have been friends for years, dating back to the time they spent on CNBC sets together as economic analysts.

While the two men differ on trade, the source said Navarro and Kudlow agree on nearly every other economic issue.

But Navarro publicly criticized Kudlow's views on trade in an interview with CNN earlier this month.

"Larry and Steve have never, ever supported the President on trade," Navarro told CNN's Jake Tapper. Although the trade adviser said that the three were "brothers in arms during the campaign" they are "dead wrong on the economics" of trade.

Another source said Kudlow and Treasury Secretary Steven Mnuchin have a much friendlier relationship than Mnuchin had with Cohn. They worked together on Trump's economic plan during the presidential campaign, the source added.

Trump hinted that Kudlow was his pick at the time, telling reporters that the media personality "has a good chance" at getting the job.

Trump, according to a source familiar with the President's conversations, began telling friends and advisers on Monday that Kudlow was his pick to replace Cohn.

Trump spoke to Kudlow multiple times over the past week, a separate person familiar with the matter said, but the economist was not officially offered the job until Tuesday.

The selection quickly received plaudits from Capitol Hill Republicans who have long known Kudlow as a media analyst and regular at Republican conferences.

"Couldn't be more pleased," said Tom Cole, an Oklahoma Republican. "He is somebody that House Republicans are extraordinarily comfortable with."

Indiana Coronavirus Cases

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Reported Deaths: 5498
CountyCasesDeaths
Marion42641849
Lake27152455
Allen18010298
Elkhart17177221
St. Joseph16799229
Hamilton13011167
Vanderburgh9751120
Tippecanoe858727
Porter827986
Johnson6389165
Hendricks6098157
Vigo608384
Monroe536750
Clark515077
Madison5060122
Delaware4905103
LaPorte465595
Kosciusko462339
Howard344277
Warrick325672
Bartholomew316863
Floyd316277
Wayne307770
Cass299931
Marshall299144
Grant272550
Noble255046
Hancock253852
Henry247537
Boone244554
Dubois237931
Dearborn219030
Jackson215534
Morgan210843
Knox187819
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Clinton180321
DeKalb177831
Lawrence177648
Adams168222
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Posey122116
Jefferson118816
Scott109020
Greene102653
Jay99013
Sullivan96416
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Spencer8378
Perry82521
Fountain7798
Washington7527
Franklin69927
Carroll68613
Orange67328
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Owen6087
Tipton57627
Parke5706
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Ohio2317
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Ohio Coronavirus Cases

Data is updated nightly.

Cases: 382743

Reported Deaths: 6274
CountyCasesDeaths
Franklin51161671
Cuyahoga37222743
Hamilton30493372
Montgomery20518236
Butler15199148
Lucas14566417
Summit13933327
Stark9193206
Warren841976
Mahoning7530300
Lake710067
Lorain6690106
Clermont593651
Delaware572537
Licking564577
Trumbull5584147
Fairfield554464
Greene538066
Clark5218101
Allen494989
Marion476759
Medina471657
Wood4598107
Miami437568
Pickaway404048
Portage358972
Columbiana357698
Tuscarawas342667
Richland328539
Wayne327394
Mercer296047
Muskingum252510
Hancock245940
Ross244559
Auglaize236435
Darke232560
Erie230268
Putnam229449
Ashtabula228354
Geauga211851
Scioto200616
Union19668
Shelby194017
Lawrence193039
Athens19134
Seneca182919
Belmont170229
Madison163119
Sandusky157729
Preble156521
Huron155519
Defiance144823
Holmes140439
Logan133517
Knox131718
Fulton128726
Jefferson128613
Crawford126817
Washington125227
Ottawa124530
Clinton109115
Williams10799
Ashland107825
Highland103718
Brown10135
Henry101323
Hardin99719
Champaign9825
Van Wert97318
Jackson96212
Fayette92717
Morrow9202
Guernsey89314
Coshocton85215
Perry82912
Adams80313
Pike7661
Gallia76513
Wyandot73217
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Hocking64516
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Meigs39612
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Vinton2246
Harrison2193
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