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Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says

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President Donald Trump’s hike in tariffs is projected to generate enough revenue to cut federal deficits by $4 trillion over the next decade, according to the latest analysis by the Congressional Budget Office (CBO). The nonpartisan agency said it had updated its estimates of tariff revenues as part of the development of the short-term economic forecast covering … Read more

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says

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President Donald Trump’s sweeping new tariffs are raking in unprecedented sums for the federal government—so much, in fact, that a top budget watchdog says the revenue rivals the impact of creating a brand-new payroll tax or slashing the entire military budget by nearly one-fifth. (These are rough estimates, to be sure, conveyed to communicate the … Read more

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