President Trump has said that tariffs won't lead to an uptick in inflation.

Since President Donald Trump stared enacting tariffs earlier this year, everyone from Federal Reserve Chairman Jerome Powell to the average retail investor has been trying to figure out how they will affect the economy and whether they will reignite inflation .

So far, the economy and inflation seem to be OK. However, it's still early, and the tariffs are constantly changing, which makes understanding the longer-term impact even more difficult.

The Trump administration and many in support of tariffs have said that they will not lead to higher inflation and have been lobbying Powell to lower interest rates. But make no mistake: President Trump has a tariff problem that could be a roadblock for a stock market ho

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