Do tariffs increase inflation?

Hi. I’m Lone Candle.

Several articles on tariffs have claimed that tariffs contribute to inflation in a simple manner. They argue that although tariffs are not the main cause of inflation, they contribute, so reducing or eliminating tariffs would help limit inflation. While it’s true that tariffs likely increase the cost of goods taxed with tariffs, their overall impact on inflation is much more complicated.

Don’t get me wrong. Tariffs have negative consequences. Tariffs are costly and need to be justified with potential good sides to counteract the…