I’ve been thinking about this too. The endgame of the tariff is a rebalancing of production of goods to bolster US-made products and impact labor force skill sets and job opportunities. This goal of on-shoring jobs and factories is a long-game play, and the multi-decade time-horizon effort would be worth some short term pain if successful. The short-term pain would come in the form of price increases on imported products, but this is not the same as inflation. The money supply isn’t the cause of the price going up, rather it’s a supply chain cost-of-goods expense line item added to the total final price. This means your dollar has the same purchasing power as yesterday before the tariff hit your desired item. In this case a Box Fan, let’s say. Your Walmart sourced cheap Chinese-made Hachum 8” box fan (this is real) is now $20 instead of $12. This happens across a high percentage of items across our shopping pathways because of how much we import. But, that’s the point, to only attack that vector, only the imported ones. The Vornado 8” fan that sits on the shelf next to it that are manufactured in the US in Kansas, are still $20. Now you can’t get that $12 one but it didn’t raise every price on every item throughout the store. This logic will serve you as you look throughout the supply chain of every industry. Getting more micro, the motor that Vornado may import to assemble into their product at their plant may need new domestic sourcing to stop their retail price from being too impacted. It’s a shuffle that lasts decades to realign. But it is not inflation.