White House trade adviser Larry Kudlow said Friday he's expecting a "peaceful transfer of power" from President Donald Trump if Joe Biden wins the presidency, even though the president plans to keep fighting the results.
"He intends to keep on fighting and make sure the ballots are counted legally, legal ballots are counted," Kudlow said on CNBC. "He intends to keep up the fight. I'll leave all the predictions and analysis to the campaign, the president or the chief or (Vice President) Mike Pence, but yes, the president intends to fight.
"But at the same time, the United States is a nation that abides by the rule of law, and so will Trump," Kudlow said.
"We'll continue peacefully as we always do," said Kudlow. "I might add that anyone around the world or offshore watching this, they should know that. America is the greatest democracy and we abide by the rule of law."
Kudlow's answer came after he was asked if a peaceful transfer of power is necessary to keep the markets calm and stable.
"I think the markets have been remarkably calm and resilient and rather bullish going back six months to the third week of March or so," said Kudlow. This is a great country (and) the greatest democracy in the world."
Kudlow's comments come after CNN reported that Trump has no plans to concede the election to Biden. Instead, sources close to the president told CNN that Trump is doubling down on claims that Democrats are stealing the election and that he will continue fighting even if Biden wins the election by taking Georgia and Pennsylvania, where the former vice president took leads early Friday.
Sandy Fitzgerald ✉
Sandy Fitzgerald has more than three decades in journalism and serves as a general assignment writer for Newsmax covering news, media, and politics.
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