Trump confirms CNBC contributor Kudlow to be economic aide

Larry Kudlow U.S. President Donald Trump's new chief economic adviser is a fan of free trade who has publicly attacked Trump's new tariffs on steel and aluminum imports

Trump tweets that the U.S.

Mr Kudlow replaces Gary Cohn, the former Goldman Sachs banker who resigned as head of the National Economic Council after Mr Trump's snap decision to impose steep tariffs on imported steel and aluminium.

"The economy is starting to roar and we're going to get more of that", he said.

Kudlow will join an administration in the middle of a tumultuous overhaul, with a number of White House staffers and top officials departing in recent weeks.

Conservative commentator and economic analyst Larry Kudlow speaks on the set of CNBC on March 8, 2018 in NY.

Mr Cohn's exit and the dismissal of Secretary of State Rex Tillerson have cleared the way for Mr Trump to elevate advisers who are more inclined to implement his campaign promises ahead of congressional elections this year.

Trump seems increasingly determined to tax foreign imports, a policy that Kudlow personally opposes.

White House spokesman Sarah Sanders confirmed Mr Trump offered him the position. He echoed his future boss' views that the North American Free Trade Agreement with Canada and Mexico needed fixing and said the European Union had "very bad protectionist policies". Paul Krugman, the Nobel Prize winning Keynesian economist, said Kudlow was "reliably wrong about everything" and that Trump was looking for sycophancy instead of good advice.

Kudlow will become President Trump's chief economic adviser.

The two men and their wives used to celebrate New Year's Eve together outside San Diego where Laffer lived at the time.

The media added that the former Wall Street worker is a strong advocate of supply-based economic policies that focus on cutting taxes and reducing regulations. Both built their economic visions around the notion that tax cuts are critical for maximizing economic growth, a principle at the heart of the $1.5 trillion tax reduction Trump signed into law late previous year. He left Bear Stearns in the mid-1990s to deal with addictions to cocaine and alcohol.

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