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Trump's tariffs could reduce US deficit by $4 trillion, CBO estimates
- President Donald J. Trump's tariffs will reduce total deficits by $4 trillion over the next decade, according to a new analysis from the Congressional Budget Office.
- The Congressional Budget Office projected that President Donald Trump's tariff agenda would decrease total deficits by up to $4 trillion over the next decade.
- The effective tariff rate for goods imported into the United States increased by 18 percentage points from last year, according to the Congressional Budget Office.
- The Congressional Budget Office reported that primary deficits would fall by $3.3 trillion, resulting in $700 billion less spending on interest.
13 Articles
13 Articles
CBO: Tariffs Will Reduce Deficit By $4 Trillion By 2035 – Trump Responds
The CBO is now projecting that tariffs will reduce the deficit by $4 trillion over the next 10 years. This is $1 trillion more than what was projected in June. Axios reported: By the numbers: CBO director Phillip Swagel, in a blog post, said tariff revenue would reduce primary deficits by $3.3 trillion, and cut the need for interest payments on borrowings by $700 billion, for a total $4 trillion reduction through 2035. In June, the CBO projected…
CBO: Trump’s tariffs will reduce deficits by $4T over next decade
By Jack Phillips Contributing Writer A report released on Friday by the Congressional Budget Office predicted that President Donald Trump’s tariffs will reduce federal deficits by around $4 trillion over the next decade. If Trump’s global tariff hikes continue, increased revenue could shrink primary deficits by $3.3 trillion and cut federal interest payments by $0.7 trillion over the next decade, the CBO said. The current top tariff rates may…
Congressional Budget Office says Trump tariffs will reduce deficits by $4 trillion over next decade
The number is an increase from the budget office's previous prediction in June, which found that it would reduce federal deficits by $2.8 trillion over the next decade.
Congressional Budget Office: Trump's tariffs can cut deficits by $4 TRILLION! * WorldNetDaily * by Bob Unruh
President Donald Trump reveals a reciprocal tariffs chart at the White House on ‘Liberation Day,’ Monday, April 2, 2025 President Donald Trump’s agenda to use tariffs to push for fair trade deals, raise revenue for America and support U.S.-based business and industry sparked the first monthly trade surplus in years. In happened when the surplus was reported at $27 billion, just weeks ago. And the longer term impact appears to be even brighter. A…
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