Well I'd be surprised if they didn't. The historical precedent to cite is when Herbert Hoover signed a law in 1930 to counteract economic trouble caused by the previous year's stock market crash, which hiked up tariffs across the board, lead to tit-for-tat tariff hikes across the world and is widely seen now as a great failure that made the Great Depression worse.
and this inflation thing kind of unfair on Biden, US economy has done better than most and they've had a soft landing...prices are still high as they are just rising slower now and you have to wait for wages to catch up..and Trump will probably benefit from that unless his tarrifs and deportations and whatever drive up inflation again...