Trump tariffs, tax cuts and interest rates likely to fuel inflation, Wall Street and economists agree

News Snapshot:

Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating. “I call it a ring around the country. We have a ring around the country,” Trump said in a Time magazine interview released Tuesday, referring to aggressive tariffs he has promised to impose in a second term. “I also don’t believe that the costs will go up that much.” The presumptive Republican presidential nominee has repeatedly pledged to hike tariffs, cut taxes and encourage cheap money policy if he wins the November election....