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Trump Praises Larry Kudlow, 'Strongly' Considering Naming Him to Top Economics Post

14 March, 2018, 19:06 | Author: Heidi Alvarez
  • White House director of strategic initiatives eyed to replace Cohn report

President Donald Trump is eyeing another titan of finance to replace Gary Cohn as his chief economic advisor.

"Chris has a strong interest in foreign affairs, and is a member of the Council on Foreign Relations, which is now focusing on the president's decisions on tariffs and industry protection", Hope said, questioning whether he might be able to "moderate the President's position on trade".

Larry Kudlow worked at the Office of Budget and Management during the Reagan administration.

"I think he has the inside track", Cramer said.

But earlier this month, Cohn resigned over Trump's decision to impose tariffs on steel and aluminum imports.

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Kudlow, who was an adviser to Trump during the 2016 campaign, is described by White House officials as someone who connects with the president personally and politically, the Post said. The former Goldman Sachs executive - a strong supporter of free trade - said he would leave the administration after Trump committed to imposing steel and aluminum tariffs, despite pushback from US lawmakers and global officials. "He's not quite as strong on those tariffs as we want", Trump said.

Kudlow, a free trade advocate and CNBC commentator, has also publicly criticized the president's tariff plan, but Trump said they agreed on most matters. "I have to tell you, personally, I am urging Gary Cohn to stay and fight for another day".

Liddell, like the former Goldman Sachs executive Cohn, has a background in crunching numbers and dealing with Wall Street.

A senior White House official said the president wanted to reshuffle his team with a view to launching talks with North Korea, following last week's spectacular announcement of a meeting between Trump and Kim Jong Un.


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