Larry Kudlow, a conservative media analyst, has accepted the position of chief economic adviser to President Donald Trump, the White House said today.

Kudlow, 70, would replace Gary Cohen, a former Goldman Sachs executive who quit the post after his differences with Trump on imposing a 25 per cent tariff on import of steel and 10 per cent on aluminium.

"Larry Kudlow was offered, and accepted, the position of Assistant to the President for Economic Policy and Director of the National Economic Council," White House Press Secretary Sarah Sanders said.

"We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role," Sanders said.

Kudlow served in the Regan administration when he helped craft the economic policy.  -- PTI