President-elect Trump reiterated his promises to impose tariffs and increase oil production, even if it impacts consumers. Why it matters: By sticking to his campaign pledges, Trump would all but assure a fresh spike in inflation,

The impact Trump's proposed tariffs would have on inflation may be overblown, some market experts say. Here's why inflation could decline in 2025.

When allies of President-elect Donald Trump address one big criticism of his tariff plans — that the levies would boost inflation at time when Americans are already frustrated with elevated prices — they often point to the lack of inflation in Trump’s first term.