Of course, the increase in manufacturing will be limited. Is there a policy that can increase it without limit?
I also think its disingenuous to call tariff induced price increases inflation. That's like calling a sales tax inflation. Maybe its technically correct, maybe not, but if your going to apply it here, make sure you are also applying it to carbon/gas taxes, environmental regulations (they also increase costs), and capital gains taxes (they lower asset supply).
Agree. Higher prices are a known predictable consequence and could be reversed by removing the tariff. You can't change a policy like that and immediately end inflation, that's an entirely different thing.
It does. Inflation is a broad phenomenon, whereas tariffs mostly only affect targeted imported goods. We should all strive to be precise when discussing our opinions and preferences, lest we believe we disagree when we infact do not.
I also think its disingenuous to call tariff induced price increases inflation. That's like calling a sales tax inflation. Maybe its technically correct, maybe not, but if your going to apply it here, make sure you are also applying it to carbon/gas taxes, environmental regulations (they also increase costs), and capital gains taxes (they lower asset supply).