Tariffs will cause 'short term bumps,' Trump economic adviser tells Fox Business

WASHINGTON, April 2 (Reuters) - President Donald Trump's Council of Economic Advisers Chair Stephen Miran told Fox Business on Wednesday there will be short-term bumps caused by tariffs announced by Washington.

"Are there going to be short-term bumps as a result? Absolutely," Miran told Fox Business Network's "Kudlow" program, adding the policy will work out well for the U.S. in the long term.

Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, including some of the United States' biggest trading partners, deepening a trade war that has rattled global markets and bewildered U.S. allies.