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: 13405
CountyCasesDeaths
Marion996911740
Lake53548966
Allen40529675
St. Joseph35596550
Hamilton35536408
Elkhart28470441
Tippecanoe22375218
Vanderburgh22293396
Porter18701307
Johnson17923378
Hendricks17199315
Clark12943191
Madison12612339
Vigo12437246
Monroe11873170
LaPorte11856210
Delaware10667186
Howard9895216
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Hancock8260140
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Warrick7777155
Floyd7653178
Wayne7035199
Grant7032174
Boone6687101
Morgan6557139
Dubois6150117
Marshall6016111
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Cass5794105
Henry5699103
Noble559883
Jackson501172
Shelby490696
Lawrence4522120
Harrison435072
Gibson434792
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Clinton427053
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Warren81815
Switzerland7858
Union71010
Ohio56511
Unassigned0414

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1082815

Reported Deaths: 19428
CountyCasesDeaths
Franklin1258081400
Cuyahoga1119722115
Hamilton799721205
Montgomery514061014
Summit47145945
Lucas42119788
Butler38338584
Stark32273906
Lorain24997481
Warren24274298
Mahoning21546588
Lake20653369
Clermont19761238
Delaware18512133
Licking16418212
Fairfield16176199
Trumbull16032468
Medina15268264
Greene15063244
Clark13983299
Wood13080189
Portage12839203
Allen11639232
Richland11349199
Miami10670217
Muskingum8803133
Wayne8793211
Columbiana8778229
Pickaway8564121
Marion8523135
Tuscarawas8473244
Erie7888154
Hancock6914127
Ross6846155
Ashtabula6805170
Geauga6686148
Scioto6406101
Belmont5881167
Union570848
Lawrence5549102
Jefferson5525151
Huron5430119
Darke5355123
Sandusky5347120
Seneca5282121
Athens519158
Washington5155109
Auglaize490784
Mercer480385
Shelby469293
Knox4486110
Madison435661
Putnam4278100
Fulton422469
Ashland421789
Defiance419697
Crawford3975107
Brown394157
Logan381676
Preble379598
Clinton372163
Ottawa366679
Highland355062
Williams339275
Champaign331658
Guernsey315653
Jackson312551
Perry294950
Morrow284939
Fayette281950
Hardin270864
Henry268666
Coshocton265257
Holmes2603101
Van Wert243463
Adams237852
Pike237634
Gallia235349
Wyandot231055
Hocking215362
Carroll191547
Paulding172640
Meigs144840
Noble133337
Monroe132042
Morgan108423
Harrison108137
Vinton83115
Unassigned02
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