By Alana SemuelsNovember 11, 2024 3:08 PM EST

Donald Trump may have won the presidency partly because voters were fed up with inflation. But if he enacts many of the policies he proposed on the campaign trail, voters may see prices continue to rise, according to economists, analysts, and business owners.

“There’s a lot of inflationary pressure in his promises,” says Simon Johnson, one of the 2024 winners of the Nobel Prize in Economics and a professor at MIT’s Sloan School of Business. 

Trump has said he would enact tariffs of 60% on goods from China and tariffs of at least 10% on all imports into the U.S. The cost of those tariffs will be paid by consumers buying the imported goods. The President-elect said he wou…