WASHINGTON — President Trump has chosen Larry Kudlow being his top economic aide, elevating the influence on the longtime fixture over the CNBC business news network who previously served in the Reagan administration possesses emerged as a leading evangelist for tax cuts and also a smaller government.
Kudlow told The Associated Press yesterday that he accepted the offer, saying the U.S. economy is poised to consider off after Trump signed $1.5 trillion price of tax cuts into law.
“The economy starts to roar, and we’re buying more of that,” he explained.
The famously pinstripe-suited Kudlow would succeed Gary Cohn, an ancient Goldman Sachs executive who may be leaving the post inside a dispute over Trump’s decision to impose tariffs on imported steel and aluminum.
With Trump’s tax cuts already being implemented, Kudlow might be advising a president who appears increasingly determined to tax foreign imports — an insurance quote Kudlow personally opposes. Kudlow said he is “in accord” with Trump’s agenda, and the team along at the White House is needed implement the policies set through the president.
Trump has promised to minimize the trade imbalance with China and rewrite the North American Free Trade Agreement with Canada and Mexico. Kudlow declined to say what advice he would give the president on trade issues, saying instead that Trump is “a really good negotiator.”
Kudlow, 70, has informally advised the Trump administration up to now and said she has spoken when using the president “at some length in recent days,” so they’re ready “to strike the earth running.”
Kudlow told CNBC yesterday which he will probably be likely to Washington right now to encounter Trump. White House spokeswoman Sarah Huckabee Sanders said the administration is being prepared for an orderly transition and “could keep everyone posted” on when Kudlow officially assumes the task.
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