Brainard Says Tariffs Needed to Avoid New ‘China Shock’ in US

President Joe Biden’s top economic adviser on Thursday will present a forceful defense of the administration’s new tariffs on Chinese imports, saying the measures are necessary to avoid more economic turbulence from unfair trade practices that threaten to undo recent manufacturing and job gains.

“We have learned from the past. There can be no second China shock here in America,” National Economic Council Director Lael Brainard will say at a Washington event hosted by the liberal Center for American Progress, according to prepared remarks provided to Bloomberg. “China is using the same playbook it has before to power its ...