“(Trump’s plans) will come at the cost of potentially larger budget deficits, potentially larger debts and there is also the inflation dimension,” Charles-Henry Monchau, chief investment officer at Banque Syz & Co, told the business publication. “There has been a realization that there is a price to be paid for this.”

Trump has floated several tariff ideas — including an impossibly high increase on imported goods 200 and 2,000 percent– which experts believe would dramatically increase inflation. Companies across the country have objected to his figures, arguing that it will be Americans, not foreign countries, who do the trick pay the price. Companies whose business models rely on foreign suppliers, from the auto industry to some of the nation’s most popular clothing lines, are preparing for a possible second Trump administration and planning to implement price hikes on their products.

Trump has also proposed a more modest 20-60 plan, in which a potential second Trump administration would impose a 20 percent global tariff, in addition to a 60 percent tariff on Chinese goods. But even that plan would prove devastating for the economy, according to an American newspaper analysis by the nonpartisan Tax Policy Center, which found it would reduce household incomes by an average of $3,000 by 2025.