Trump, intent on delivering his promises to shred or renegotiate U.S. trade deals and crack down on trade practices he deems unfair, nominated the business-friendly Larry Kudlow as the top Economic Adviser and official announcements are sighted to take place as soon as Thursday after Kudlow was reported to have accepted the position on Tuesday night.
Kudlow, who is 70 years will replace Gary Cohn, who had advocated for free trade and generally opposed tariffs and had been fired by Trump earlier this month amid disagreements around geopolitical affairs such as Iran and about tariffs on steel and aluminium imports.
"We don't agree on everything, but in this case I think that's good," Trump was reported saying. "I want to have different opinions. We agree on most. He now has come around to believing in tariffs as a negotiating point."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.