Tariffs will reduce deficits by $2.5 trillion over 10 years: CBO
Wednesday, 4 June 2025 ()
President Trump’s tariffs will take a major bite out of U.S. deficit levels, reducing them by $2.5 trillion over the next decade and shrinking the size of the U.S. economy, the Congressional Budget Office (CBO) found in a Wednesday analysis. The deficit reduction is almost exactly the same size as…
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