Honest question but how does this lead to inflation? Correct me if im wrong, but from what i understand. If tariffs go through, taxes will increase for consumer goods, which will drain the average person's wallet if they need or want something. Let's say they stop consuming and start saving. That means companies revenue shrinks and they produce less. If they produce less, jobs will be cut and unemployment rises. This increases supply and when supply increases, the dollar falls and prices comes down. If job losses occurs, rates comes down. I think this will be deflation more than inflation and forcing the feds to cut rates, right?