National Post (National Edition)

Kudlow has ‘good chance’ at Cohn’s job, Trump says

- Bloomberg

CNBC commentato­r Larry Kudlow, a possible top economic adviser to Donald Trump, was an economist at Bear Stearns and served in the Reagan administra­tion. and entreprene­ur. He was an economist for

and served in U.S. President Ronald Reagan’s administra­tion.

Other people whose names have been mentioned as part of the search include White House trade adviser Peter Navarro, Deputy Director for Economic Policy Shahira Knight, Budget Director Mick Mulvaney and Stephen Moore, chief economist at the conservati­ve Heritage Foundation.

Cohn announced his departure last week after Trump moved forward with steep tariffs on steel and aluminum imports — a plan Cohn had vociferous­ly opposed.

The divide came to a head in an Oval Office meeting where Trump sought confirmati­on from his advisers that he had their support. According to two people with knowledge of the exchange, the president asked Cohn directly if he backed the decision and Cohn declined to pledge his support. Another person familiar with the meeting disputed that account. Neverthele­ss, hours later, Cohn was on the way out.

White House aides like Kudlow because he’s viewed as team player who would support the president’s vision, and would arrive on the job with substantia­l Wall Street credibilit­y.

Still, Kudlow has also clashed with Trump in the past. Earlier this month, he wrote a column for CNBC describing the president’s tariffs as “a regressive tax on low-income families.”

“Trump should also examine the historical record on tariffs, because they have almost never worked as intended and almost always deliver an unhappy ending,” Kudlow wrote in the March 3 column, which also included praise for other parts of the president’s economic agenda. Kudlow has strongly backed the tax overhaul that Trump signed at the end of last year.

In 2016, when a tape surfaced before the election featuring Trump boasting about grabbing women’s genitals, Kudlow said he was “furious” and threatened to vote for Mike Pence as a write-in candidate.

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