WASHINGTON - U.S. President Donald Trump has named Larry Kudlow, a longtime conservative economic analyst and television business show commentator, as his new top White House economic adviser.
The 70-year-old Kudlow told news media he accepted Trump's offer Wednesday to become director of the White House's National Economic Council. Trump announced the appointment Thursday on Twitter.
Larry Kudlow will be my Chief Economic Advisor as Director of the National Economic Council. 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! #MAGA— Donald J. Trump (@realDonaldTrump) March 15, 2018
Kudlow will replace former Wall Street financier Gary Cohn, who resigned last week after breaking with President Trump on trade policy. Cohn had lost an internal debate, among Trump advisers, aimed at convincing the president not to impose steep new tariffs on steel and aluminum imports.
Kudlow, who was an informal economic adviser to Trump during the first year of his presidency, also opposed Trump's imposition of the 25 percent levy on steel and 10 percent tax on aluminum. Kudlow, however, was also an adviser to Trump during his successful 2016 White House run and worked with Treasury Secretary Steven Mnuchin in designing the tax cut plan Trump pushed through Congress in December.
Kudlow worked decades ago in the White House of President Ronald Reagan, but has spent much of the time since then as a television show host, much like Trump, who served as executive producer of The Apprentice reality television show before turning to politics.
One of Kudlow's first White House efforts is likely to involve the ongoing renegotiation of the 1994 North American Free Trade Agreement, the U.S. pact with Canada and Mexico.
Kudlow has said that it would be a “calamitously bad decision” to end the accord, but Trump has said NAFTA has left the United States at a disadvantage in trade deals with the two countries. The president has said he wants better terms for American farmers in their exports to Canada and wants Mexico to step up its border security at the U.S. line to keep undocumented immigrants from crossing into the United States.