I wish people would be careful about terminology.
The question really is: “Will Trump’s tariffs cause prices to rise?”
Inflation is always and everywhere a monetary phenomenon, caused by the Government when it raises the money supply. Inflation has nothing to do with tariffs, and tariffs have nothing to do with Inflation.
And, as to prices, Trump’s tariffs may cause some prices to go up, and some may come down. But a lot of foreign investment in the US is coming in, and it will increase. There will be good jobs and good wages. There will be huge economic benefits to Trump’s tariffs. If some prices do rise in the short term, we need to just handle it.
When Reagan came in, he did have an inflation problem, and it took a couple of rough years to tame the inflation that got out of control in the 70s. But Reagan fixed it, and after those first two years, we had a massive boom. This basic pattern is going to repeat with Trump. Good times are ahead.
I don’t think this is true. In many industries and business operations, inflation is primarily caused by excessive and/or completely unproductive regulations. In fact, I suspect the high inflation figures over the last four years were mainly attributable to this, and not money supply.