<h1>Trump's Tariff Plans Echo Gilded Age, Risk Inflation and Ignoring Modern Global Supply Chain Complexities</h1> President Trump idealizes the Gilded Age, a period from 1870 to 1913 marked by rapid industrial growth and significant wealth disparity, advocating for high tariffs reminiscent of that era. He praises President McKinley, known for his protectionist policies, despite historical evidence that tariffs then led to inflation and economic challenges. Experts argue Trump overestimates tariffs' economic benefits, noting the period's widespread poverty and political corruption. Trump's current tariff plans aim to boost domestic manufacturing and reduce federal debt but face criticism for potentially increasing costs and ignoring the complexities of modern global supply chains.