Probably. But then Biden's inflation was massively underestimated and under-reported anyway.
The US - and most Western countries whose currency lies upon the US dollar, and don't have natural energy security - is facing a LOT of inflation coming down the pipe anyway.
Needless to say a tariff-war will be a big dollop on top of that.
Unless Trump forces Congress to drop ALL the sanctions, everywhere, this will simply be adding stupidity to stupidity.