WASHINGTON — President Donald Trump plans to name longtime supporter Larry Kudlow as his top economic adviser, sources told CNBC Wednesday.
Kudlow would replace National Economic Council Director Gary Cohn, who resigned earlier this month after clashing with the president over controversial steel and aluminum tariffs. Kudlow also was not a fan of the policy, although Trump said Tuesday that “he has now come around to believing in tariffs as a negotiating point.”
The announcement of Kudlow’s new position could come as soon as Thursday, according to CNBC, which first reported the news. Kudlow is a CNBC senior contributor and frequently appears on air.
On the South Lawn of the White House Tuesday, just hours after the surprise firing his secretary of state, Rex Tillerson, Trump praised Kudlow as “a friend of mine for a long time” and told reporters that he “has a very good chance” of taking the administration’s top economic spot.
The move to install Kudlow comes amid the departures of multiple other key players from Trump’s White House.
This is a developing story.