From White House Press Secretary Sarah Sanders:
Earlier today National Economic Council Director and Assistant to the President Larry Kudlow, experienced what his doctors say, was a very mild heart attack. Larry is currently in good condition at Walter Reed National Military Medical Center and his doctors expect he will make a full and speedy recovery. The President and his Administration send their thoughts and prayers to Larry and his family.
President Trump said the United States will not rejoin the Trans-Pacific Partnership multi-country trade deal, sparing himself the outrage of voters who elected him to keep the United States out of globalist commitments.
Trump had reportedly been reconsidering his decision, among the first of his presidency, to withdraw the United States from the agreement. I’m willing to bet that thinking was driven at least in part by his newly installed National Economic Council Director Larry Kudlow, who holds traditional Republican views on trade and multi-state deals.
Anyway, Trump heard from people, including probably himself, that kept him on track with his innate populism – and with the voter base he needs to be reelected.
President Trump Tuesday named economist and TV personality Larry Kudlow to be National Economic Council director, replacing Gary Cohn.
Kudlow is a free trader and traditional conservative economist, which could put him in conflict with his new boss, but his unconventional style is well suited to Trump, and Kudlow has informally advised Trump for a long time.
According to Politico:
Trump offered the job to Kudlow, a CNBC personality who has been a regular outside adviser to the president, over the phone Tuesday night while Kudlow was at dinner at Cipriani restaurant in Manhattan, the person said. Kudlow accepted.
During the call, Trump said he was seeing Kudlow’s photo on television and told him: “You’re looking handsome, Larry.”
Kudlow will have the difficult task of advising a president who is increasingly inclined to keep his own counsel – and who wants to pursue aggressive trade policies, including tariffs, against both adversaries and allies.
Kudlow, a committed free trader and former Democrat who served in the Reagan administration, is expected to start within the next few days. He will immediately find himself in conflict with Trump advisors with strong protectionist tendencies, including trade adviser Peter Navarro and Commerce Secretary Wilbur Ross.
I reported last week that Kudlow sounded like he expected to be named, and his appointment has been widely predicted in recent days.
With the resignation of Tuesday Gary Cohn as President Trump’s National Economic Advisor, talk of his replacement has centered on economist and media personality Larry Kudlow.
Tuesday evening, Kudlow appeared on the John Batchelor radio program and sounded very much like a man who would take the job and possibly even knew he was going to get it, talking wistfully about potentially ending his regular appearances on Batchelor’s show and thanking Batchelor for things he had done for him.
Cohn is leaving in what appears to be a fit of pique over not getting his way when Trump announced that he would assess steel and aluminum tariffs. It’s at least the second major loss of face for Cohn, who also very publicly failed to convince Trump not to withdraw from the Paris climate accords.
What a baby. Of course, he was leaving anyway, but the timing seems obviously designed to show he’s pissed off. His resignation statement contained no praise for Trump, although he did thank the president for hiring him.
One potential problem for Kudlow. He also opposes tariffs.