Kudlow Backs Strong Dollar, Tough China Stance as Trump Adviser
- Cohn successor says Trump weighing ‘phase two’ of tax overhaul
- Kudlow backs off prior criticism of Trump’s tariff plans
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Incoming White House economic adviser Larry Kudlow signaled that President Donald Trump would support a strong dollar, pursue a second phase of his tax overhaul to make cuts permanent and take a tougher line on trade with China.
Minutes after his appointment was announced, Kudlow, an economist and CNBC contributor, was on the network outlining his views on a range of economic fronts, starting with the dollar. In a rare departure for someone about to take a senior government job, he even offered a trading recommendation: “I would buy King Dollar and I would sell gold.”