Seen on the Media Matters For Asterisk feed: "A Project 2025 contributor is pushing tariff policies that would reignite inflation."

Tariffs restore, perhaps incompletely, the price points that would apply to goods if they were made domestically. The extra money, however, goes not to domestic workers, who might spend it and thereby notionally encourage prices to rise, but to the federal government, which removes it from the money supply. That's DEflationary, not inflationary.