Inflation is caused by more money chasing the same amount of products.
>>Inflation is caused by more money chasing the same amount of products.<<
I agree with you. A trade war won’t cause inflation. It will, however, cause impoverishment of the citizens in the countries that participate.
Trade between countries will diminish and prices of favored goods and affected goods (steel-favored, cars-affected) will rise so other goods will fall in price as people have less money left to purchase them after purchasing, say, a car. The net effect will be no inflation, lower wages due to reduced economic activity worldwide, and a fall in total economic activity.
American farmers, for example, would be severely impacted by a worldwide trade war, possibly resulting in their turning the red states blue in time. This really is a road we shouldn’t want to travel.