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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

Data is updated nightly.

Cases: 1130719

Reported Deaths: 17736
CountyCasesDeaths
Marion1468762242
Lake732391255
Allen68004883
Hamilton51739488
St. Joseph50459650
Elkhart40619547
Vanderburgh34963497
Tippecanoe31212276
Johnson27963467
Hendricks26585385
Porter25969387
Madison21318457
Clark20392279
Vigo19244309
LaPorte17405261
Delaware17004303
Howard16942315
Monroe16794220
Kosciusko14447167
Hancock13259186
Bartholomew13180191
Warrick12320190
Wayne12200269
Grant12181247
Floyd12096226
Morgan10552192
Boone9966124
Noble9429123
Marshall9295147
Henry9268169
Dearborn9053100
Dubois8877140
Shelby8402130
Cass8241128
Lawrence8134185
DeKalb7933109
Jackson779993
Huntington7761116
Montgomery7213123
Gibson7179118
Harrison7031100
Knox6958116
Steuben676589
Miami6675114
Whitley667260
Putnam651286
Clinton633179
Wabash6323111
Jasper622192
Jefferson5946105
Ripley565994
Adams547981
Daviess5124118
Scott498980
Wells4894106
White486069
Greene4749101
Clay468662
Decatur4659110
Fayette462597
Jennings457167
LaGrange432291
Posey412944
Randolph4010107
Washington393656
Fountain382264
Fulton368374
Spencer365147
Starke361474
Owen358577
Sullivan351155
Jay336450
Orange335272
Rush314833
Carroll301639
Franklin295244
Perry292853
Vermillion285958
Tipton253367
Parke251630
Pike251244
Blackford224944
Pulaski213759
Newton185052
Brown179750
Benton171717
Crawford170729
Martin152619
Switzerland149412
Warren137816
Union125116
Ohio92913
Unassigned0599

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1735925

Reported Deaths: 26851
CountyCasesDeaths
Franklin1807941843
Cuyahoga1705042655
Hamilton1146441544
Montgomery811601405
Summit728891210
Lucas637861027
Butler57319814
Stark544971183
Lorain42941645
Warren36238417
Mahoning36168788
Lake32818501
Clermont31601369
Trumbull27766620
Delaware27462185
Licking26929344
Medina26408353
Fairfield24875287
Greene24585373
Clark22391390
Portage21591283
Richland21339342
Wood20348248
Allen19172326
Miami17486352
Columbiana17078335
Muskingum16882207
Wayne15914307
Tuscarawas14631362
Marion13477196
Ashtabula12980237
Erie12832199
Scioto12586188
Pickaway12326155
Ross11824226
Hancock11659175
Geauga11090179
Lawrence10729172
Belmont10548234
Huron9891159
Jefferson9724228
Union966575
Sandusky9465166
Seneca9020161
Knox8893176
Washington8738159
Darke8446181
Athens842897
Ashland8130152
Auglaize8042120
Shelby7575135
Defiance7431117
Crawford7376150
Fulton7284113
Brown7225116
Logan7087111
Guernsey701786
Mercer6964100
Highland6822120
Clinton6554106
Williams655299
Madison653990
Preble6343140
Putnam6300122
Jackson586597
Champaign586187
Perry571279
Coshocton5700108
Ottawa5696102
Morrow524665
Fayette499072
Hardin4960100
Gallia475878
Van Wert470895
Pike468478
Adams4638110
Henry440380
Hocking414293
Holmes4044141
Wyandot379975
Carroll373678
Paulding327551
Meigs307961
Monroe237261
Noble221949
Morgan219439
Harrison216953
Vinton189738
Unassigned06
Fort Wayne
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Angola
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Decatur
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After a cold start to the week, warmer air begins to filter back into the region Wednesday.
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