Larry Kudlow, a well-known conservative media pundit, would be the new chief economic advisor to US President Donald Trump, the White House said today, days after Gary Cohen resigned after losing his fight against stiff tariffs on steel and aluminum imports.
Kudlow, 70, would replace Cohen, a former Goldman Sachs executive who quit the post after his differences with Trump on imposing a 25 per cent tariff on import of steel and 10 per cent on aluminum.
"Larry Kudlow was offered, and accepted, the position of Assistant to the President for Economic Policy and Director of the National Economic Council," White House Press Secretary Sarah Sanders said.
The National Economic Council director advises the US president on economic issues and works to implement policy goals.
"We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role," Sanders said.
Trump acknowledged his disagreement on tariffs with Kudlow in a conversation with reporters on Tuesday, but said he welcomed the difference of opinion.
He added that Kudlow has "come around to believing in tariffs as a negotiating point."
Senator Lindsay Graham called the appointment "a home run choice" and praised Kudlow for his advocacy of "pro-growth" economic policies.
Senator David Perdue said Kudlow would help Trump in making the US more competitive with the rest of the world.
Democratic Congresswoman Ted W Lieu was less enthused by Kudlow's appointment, saying she was "appalled" that the person who will now drive the US' economic policy has argued that war is good for business.
"Entering into conflict has to be a last resort — and should never be evaluated primarily on its economic merits. Mr. Kudlows fringe ideas don't deserve a place in the White House," she said.