White House adviser: Trump’s blanket tariffs would hit economy quickly

The U.S economy would feel the impacts of blanket tariffs “pretty quickly,” the chair of the White House Council of Economic Advisers said on Wednesday, arguing the next administration should instead seek to incentivize manufacturing by “nurturing” investments begun during the Biden administration. During a Dec.11 White House press briefing , Biden’s top economic adviser, Jared Bernstein, said it would take little time for consumers and the economy to feel the impact of across-the-board tariffs. President-elect Trump has repeatedly threatened...