except it's about leverage. Mexico has already caved. Colombia has caved. Panama is already caving. Others will as well, including Canada. They have more to lose from not trading with the US in the short-term.
Discussion
also, inflation is not price increases. It's more currency in circulation.
yes of course it is, yes im aware theres only monetary debasement but the overall general pop isnt aware of this phenomena, they lump ALL PRICE INCREASES into this bucket of inflation, thus being ignorant of this they assume ANY increases due to demand , tarrifs, supply shocks etc as inflation itself.
But Jerome Powell said that price increases are caused by us believing in price increases, so really we only have ourselves to blame.