U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook

Economic Research: Economic Outlook U.S. Q2 2025: Losing Steam Amid Shifting Policies

The sequencing of policies from President Donald Trump's administration could mean slowing growth for the U.S. economy before any potential positives from promised deregulations and tax cuts. The front-loading of regressive policies--higher tariffs and federal workforce layoffs--are disrupting growth earlier than we previously projected. As a result, S&P Global Ratings forecasts real GDP growth will cool to 1.9% in 2025 and 2026, down from 2.9% …

Trump tariffs would net $2.8 trillion over next decade, CBO says - Washington Examiner

The Congressional Budget Office said that President Donald Trump’s tariff agenda would raise $2.8 trillion over the next decade. The CBO analysis released Wednesday found that the tariff agenda, as implemented by Trump by executive action through May 13, if continued, would increase federal tax revenue by $2.8 trillion, a sizable amount. The $2.8 trillion figure is after accounting for how the tariff agenda would reduce the size of the U.S. econ…

Trump's tariffs to curb US economic growth while reducing deficit: CBO report

The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic growth by 0.6 percent.

Impact of Trump's Tariffs on U.S. Economy

Impact of Trump's Tariffs on U.S. Economy The Congressional Budget Office (CBO) has shed light on the economic repercussions of President Donald Trump's tariffs imposed on foreign goods as of May 13. According to a new report, the U.S. economic output will decline, paired with a reduction in the federal budget deficit amounting to $2.8 trillion over ten years.The CBO communicated these findings in a letter to Senate Democratic Leader Chuck Schum…