Tags: Donald Trump | Financial Markets | Trump Administration | economic adviser | gary cohn | peter navarro | larry kudlow

Trump: Decision Coming Soon on New Chief Economic Adviser

Image: Trump: Decision Coming Soon on New Chief Economic Adviser
White House trade adviser Peter Navarro (Andrew Harnik/AP)

By    |   Tuesday, 06 March 2018 08:52 PM

President Donald Trump said Tuesday he will make a decision soon "on the appointment of a new Chief Economic Advisor."

The president reportedly told advisers he wants to consider confidante Larry Kudlow for Gary Cohn's role. Cohn resigned Tuesday after lobbying against Trump's steep proposed tariffs on steel and aluminum.

Kudlow, a senior contributor at CNBC and economics editor of the National Review, and White House trade adviser Peter Navarro are reportedly the "top two candidates" to replace Cohn, per Reuters.

Kudlow had urged Cohn not to resign.

"Personally, I have urged Gary Cohn to stay. I spoke to him this week and I said, 'please stay,'" Kudlow told CNBC. "[Cohn] and Mnuchin are the twin pillars of economic growth in this administration," he added, referring to Treasury Secretary Steven Mnuchin.

Trump will not have an approving ear in Kudlow, though, when it comes to the tariffs. Last week, Kudlow said the president's tariffs would damage the economy to some extent, and, to some extent NAFTA if the talks break down.

"We're already hanging by a toenail on NAFTA," Kudlow warned on CNBC. "If we have to walk out of NAFTA or those negotiations totally break down, then this steel thing turns from a minor irritant to a major calamity for our economy and our stock market. Make no doubt about that."

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A decision will be coming soon "on the appointment of a new Chief Economic Advisor," President Donald Trump tweeted Tuesday night after the resignation of Gary Cohn.
economic adviser, gary cohn, peter navarro, larry kudlow
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2018-52-06
Tuesday, 06 March 2018 08:52 PM
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