Will Trump’s tariffs send inflation to a new high?

Donald Trump’s “Liberation Day” tariffs sent global stock markets into freefall, but what impact will they have on inflation?

A bicycle pump inflating a dollar-shaped balloon
(Image credit: Osaka Wayne Studios via Getty Images)

Investors have suffered painful losses in recent days after US president Donald Trump’s “Liberation Day” tariffs prompted a major market sell-off. Investors are concerned that tariffs will throw cold water on company earnings and broader economic growth.

The impact on inflation, particularly in the US, could also be significant.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.