Trump names Larry Kudlow as White House’s top economic aide

US President Donald Trump has chosen Larry Kudlow to be his top economic aide, elevating the influence of a longtime fixture on the CNBC business news network who previously served in the Reagan administration and has emerged as a leading evangelist for tax cuts and smaller government.

Mr Larry Kudlow said he had accepted the offer, and that the US’s economy was poised to take off after Mr Trump signed $US1.5 trillion ($1.9 trillion) worth of tax cuts into law.

“The economy is starting to roar and we’re going to get more of that,” he said.

Mr Kudlow will join an administration in the middle of a tumultuous remodelling as a wave of White House staffers and top officials have departed in recent weeks.

Earlier this week, Mr Trump unceremoniously fired Secretary of State Rex Tillerson via Twitter.

Mr Kudlow will succeed Gary Cohn, a former investment banking executive who is leaving the post after a dispute over the President’s decision to impose tariffs on imported steel and aluminium.

With Mr Trump’s tax cuts already being implemented, Mr Kudlow will be advising a President who appears increasingly determined to tax foreign imports — a policy Mr Kudlow personally opposes.

Mr Kudlow said he was “in accord” with Mr Trump’s agenda and his team at the White House would help implement the policies set by the President.

Having informally advised the Trump administration in the past and having spoken with the President “at some length in recent days”, Mr Kudlow, 70, said he was ready “to hit the ground running” and will be in Washington on Thursday (local time) to meet with Mr Trump.

China deserves tough response: Kudlow

White House spokeswoman Sarah Huckabee Sanders said the administration is preparing for an orderly transition and “will keep everyone posted” on when Mr Kudlow officially assumes the job.

Mr Kudlow said he was relieved by proposed exclusions for certain countries to the President’s announced steel and aluminium tariffs.

Read More

Related