I think there's a good case for tariffs being inherently deflationary.

https://x.com/FinanceLancelot/status/1885099135659106633

Either way, what he is trying to do is clear. He wants America to keep terrorising anyone who doesn't to to play their game.

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Trade wars are never good. It increases prices of imports, leads to tit for tat measures and will spike both inflation and unemployment, but we'll see🤷🏻‍♂️.