For those who don't understand or are in denial that tariffs will directly lead to inflation and/ or a recession, here it is laid out simply using retail as an example.

1, Average cost of goods increased by 20%.

2, Retailers operate on a gross product margin of ~20% and an operating margin of ~3%.

3, Increase in cost of goods due to tarrifs are directly attributed to consumers as the margins for a retailer cannot absorb the increase in cost.

4, Consumers start spending less due to higher prices and retailers might lower goods prices at the expense of other cost units like employment.

5, At the end of the day you are left with higher prices and less employment... Ala a recession.

Now take the above scenario and multiply it across other major small margin industries and people might start to understand why this was not a good idea.