Inflation goes up by roughly 0.1pp for every 1.00 pp increase in tariffs - Goldman Sachs

- Every percentage point increase in U.S. tariff rate increases consumer prices by 0.1% - Increase in tariff could lead to layoffs or delayed expansions by businesses - Impact of tariffs on inflation and economy is a topic of debate in the presidential campaign - Article by WSJ discusses how tariffs affect costs and inflation while not always leading to increased inflation. - President Biden raised tariffs on roughly $18 billion of goods from China last week - Debate over who ultimately pays tariffs is resurfacing in economics - Trade policy is becoming an important issue in the presidential campaign between Biden and Trump - Trade barriers likely to increase under either candidate, impacting economic performance and inflation in the US