Are tariffs inflationary? Who will shoulder the increased cost? Will tariffs cause a recession? How do tariffs affect different products?

The consumer price index rose by 0.5% in January, meaning Americans are now paying 3% more on items than they were 12 months ago.

President Donald Trump took office with a promise to “immediately bring prices down.” But conquering inflation is tricky, and efforts can take months to trickle through the economy. At this early stage in his presidency,