Get ready for inflation and interest rates to rise again

One of the first policies President-elect Donald Trump is expected to enact after being sworn into office is imposing taxes on imported goods.

Many economists say these tariffs, as well as some of his other proposals, could kick-start another bout of inflation and interest-rate hikes.

Trump has said that his proposals would not impact US prices. "I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country," he said in an August speech.