 Economists hate tariffs. They hate them because they could be inflationary if large enough and if coupled with other unfavorable inflation drivers like a Fed that's asleep at the wheel like we had in 2020, 2021. They dislike tariffs more, though, for two reasons. One, they are regressive. They hit people with low incomes the hardest. And the reason for that is simple. The lower your income, the greater inflation.