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Kevin Hassett, the biggest economist in the White House, will leave the administration, Twitter President Trump announced on Twitter on the eve of his trip to Europe.
Hassett, 57, who chairs the Council of Economic Advisers since September 2017, is on the move as Trump faces an increasingly hostile trade war on two fronts – with China and Mexico, the latter being threatened with tariffs last week if it does not do more to stem illegal migration.
A long-time conservative economist, Hassett has helped shape the 2017 Republican Tax Law and has been a staunch supporter of the President's policy on other issues. Historically, he has campaigned for open trade policies, although in recent months he has been put in the position of defending Trump's most confrontational approach.
Hassett said in an interview Sunday night that his departure was not related to the escalating trade dispute. He said he had informed the president of his intention to leave during a White House conversation last week and that he would remain in office for about a month.
"The history of the trade and the history of the departure are completely different stories," Hassett said, adding that he considered the post as a two-year stance.
Hassett's mandate can be defined by his role in shaping tax law, which he cited as his greatest achievement, as well as by improving the transparency of business models published by the Council of Economic Advisers.
"Hassett thought the tax cut would go largely to workers' wages. He was wrong, "said the representative of the Republic, Ro Khanna. "He had the chance to serve in an administration where the facts do not matter."
Brian Riedl, a conservative analyst with the Manhattan Institute, added that Hassett's legacy in the White House is likely to be judged by the extent to which tax legislation encourages investment and wage growth "predicted with force" by advice.
"At this point, it's too early to say," said Riedl.
Trump said on Twitter Sunday night that Hassett had done a good job.
A "very talented replacement will be named as soon as I come back to the United States," the president wrote. "I want to thank Kevin for everything he's done – he's a true friend!"
Hassett declined to comment on his conversation with Trump about a replacement, but noted that the Council of Economic Advisers was a "group of good advisers".
"The CEA will be in good hands," he said. "There are a lot of good candidates and he will make an announcement."
Alan Auerbach, professor of economics at the University of California at Berkeley and a teacher at Hassett, said that one of the essential elements of the role of economic adviser is to lower the political proposals and that it is important for the economists. he feared that the replacement of Hassett would allow the administration to run it more economically. unwise plans.
"What are the bad things that did not happen because he was there?", He said. "To the extent that he did that, I think it was good that he was there."
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