Trump meets with new top economic adviser

Trump meets with new top economic adviser
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President TrumpDonald John TrumpMichelle Obama says not always easy to live up to "we go high" Georgia certifies elections results in bitterly fought governor's race Trump defends border deployment amid fresh scrutiny MORE on Monday met with the new director of his National Economic Council (NEC), Larry Kudlow, to discuss the administration's economic agenda.

"Larry and the NEC team look forward to building on the successes of the President’s economic agenda, raising wages, and creating jobs across the country," the White House said.


Trump announced last month that Kudlow would succeed Gary CohnGary David CohnThe Hill's 12:30 Report — Sponsored by Delta Air Lines — Trump says Florida races should be called for GOP | Latest on California wildfires | Congress set for dramatic lame duck On The Money: Mnuchin pulls out of Saudi summit | Consumer bureau to probe controversial blog posts on race | Harris proposes new middle-class tax credit Cohn defends rate hikes, says Trump shouldn't attack Fed MORE in the role following Cohn's resignation due to disagreements with Trump's decision to put tariffs on steel and aluminum imports.

Kudlow has most recently served as a contributor at CNBC but had worked in the Reagan administration and also advised Trump's 2016 presidential campaign.

He has been skeptical of tariffs but says he's fine with tariffs that target China. He's also been a champion of the tax law Trump signed in December.

"The President is glad to have Director Kudlow on board, following decades of experience in both the private and public sectors, including at the White House under President Reagan," the White House said in a statement.

Kudlow's arrival at the White House comes amid good economic news for the administration, including gross domestic product expanding at 2.9 percent in the last quarter of 2017 and an unemployment rate of 4.1 percent. But the Dow Jones industrial average fell by more than 400 points Monday after China announced new tariffs on U.S. imports.

Kudlow and Trump were joined in the meeting by Cohn, White House chief of staff John KellyJohn Francis KellyMORE and several other White House and economic aides.

The White House said Trump thanked Cohn "for his service to the hardworking American men and women who are seeing bigger paychecks and brighter futures thanks to the Trump economy."