Trump Says Larry Kudlow Has "Good Chance" To Be Top Economic Advisor

National Trade Council adviser Peter Navarro waits for President Donald Trump for an event in the Oval Office at the White House. Navarro signed on with the Trump campaign as a trade adviser only to see his cont

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President Donald Trump on considering Larry Kudlow to replace Gary Cohn as the director of the White National House Economic Council.

After reportedly penning several resignation letters after the president blamed "both sides" for terrorist attacks conducted by white supremacists a year ago, Cohn stayed at the White House to shepherd tax reform. "He now has come around to believing in tariffs as a negotiating position".

Nearly as soon as Cohn announced his resignation on Tuesday, speculation over his replacement - and the direction of Trump's economic policy - kicked off.

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Separately, a source who has advised Trump on economic issues told Business Insider last week that Kudlow was a leading candidate for the job.

However, in an interview that aired on Sunday, Kudlow predicted that in addition to Canada, Mexico and Australia, other countries would also secure exemptions from the tariffs. "I think Larry has a very good chance".

Kudlow, 70, was an Office of Management and Budget official during the Reagan White House who went on to become an economist with a heavy TV presence and a syndicated column.

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Trump recently slapped tariffs on steel and aluminum imports, a decision that drew criticism on Wall Street, and from top Republicans, and led to Cohn's resignation.

During his sendoff to Cohn, Trump mentioned the dispute over tariffs, saying Cohn "is not quite as strong on those tariffs as we want". As a result, they are watching closely to see who Trump picks as Cohn's replacement - and whether that person will bring the same knowledge of the financial markets as the former Goldman Sachs executive.

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