Trump confirms CNBC contributor Larry Kudlow to be economic aide
Trump confirms CNBC contributor Larry Kudlow to be economic aide
Richard Drew Associated Press Larry Kudlow was a long-time fixture on the CNBC business news network
16 March, 2018, 00:31
Kudlow - who backed Trump's presidency and was an informal economic adviser during the campaign - is given high marks by investors for his free-trade views, his so-called "Street cred" with the financial community, and the fact that he is a more moderate voice on trade than White House trade adviser Peter Navarro.
Kudlow has warmed to the president's "America First" policy on trade and tariffs after criticizing targeted trade actions at first.
Kudlow's new role follows Trump's recent moves to slap tariffs on steel and aluminum imports into the US and growing chatter that the president is set to impose similar taxes on an array of Chinese products entering America.
Conservative commentator and economic analyst Larry Kudlow speaks on the set of CNBC on March 8, 2018 in NY. "The National Economic Council is in some ways an information broker and i look forward to that role".
Investors should not rule out "occasional friction", and times when Kudlow, like other advisers and ones that have already departed the White House, may have to "defer" to Trump, says Gabriel.
The announcement could be made as early as Thursday, CNBCreports. Cohn is leaving after a dispute over Trump's decision to impose tariffs on imported steel and aluminum.
"I'm looking at Larry Kudlow very strongly". We don't agree on everything but in this case I think that's good.
"The economy is starting to roar and we're going to get more of that", he said. "He now has come around to believing in tariffs as a negotiating point".
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Top American lawmakers welcomed Kudlow's appointment to the crucial administration position.
Kudlow has been on the economic front for a while. Kudlow said he is "in accord" with Trump's agenda and that his team at the White House would help put in place policies set by the president.
Senator David Perdue said Kudlow would help Trump in making the USA more competitive with the rest of the world.
"Our service members are courageous patriots, not equity on a shareholder report".
Instead, Mr Kudlow toldCNBC, where he has always been a commentator and host, that he would have preferred to see a "coalition" of major U.S. trade partners confront China to let the world's second-largest economy know that "they are breaking the rules left and right".
"Entering into conflict has to be a last resort - and should never be evaluated primarily on its economic merits".
Independent Women's Forum's Director of Policy, Hadley Heath Manning said Kudlow's economic expertise will again be an asset to the nation, just as it was when he served under Ronald Reagan.
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