“I know better than anybody what’s good for the market and what’s good for the U.S.A.”  Just another lie from Donald Trump.
Trump maintains that foreign suppliers will absorb the cost of his tariff taxes on their exports to the U.S.  However, the latest inflation report clearly shows an increase in cost of imported goods is a result of his tariff taxes.
Trump is quick to point out the big, beautiful revenue from the tariffs without mentioning the source is the purchaser of the tariffed goods, i.e. domestic importers. Analysis indicates the estimated revenue from the proposed tariffs would be equivalent to an increase of $2,000 of taxes yearly per family to pay for the tariffs on goods that includes groceries they purchase.
There is no doubt that if Trumps’s taxes are implemented and sustained, prices will rise, causing inflation. The result will be very costly increases in interest rates on our huge and rapidly growing $37.09 trillion national debt. In addition, interest costs will escalate for corporate debt, inventories and raw materials, and for individual mortgages, cars loans, and credit cards.
Moreover, the United States is currently experiencing a significant decline in the value of the U.S. dollar.  It has deceased 10 percent as measured against a basket of world currencies since the beginning of the year. In terms of world trade, the decline rate is extremely high and has caused adverse impact on import and export financial transactions.  Worldwide transactions among trading nations, which predominately relied on United States currency to settle trading obligations, is now being supplanted by the currency of other nations. 
It is possible that the U.S. will experience a recession during a period of inflation. It’s called stagflation, recognized as having high rise in prices, stagnant economic growth, and an increase in the unemployment rate. 
Gerry Snyder
Ely/Simsbury, Conn.