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Trump’s tariffs would shrink U.S. economy, raise inflation despite cutting deficits, CBO says

Upworthy Wednesday, 4 June 2025 ()
U.S. President Donald Trump’s sweeping tariff plan would cut deficits by US$2.8-trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget…
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Video Credit: Oneindia - Published
News video: Rep Dean GRILLS Trump Ally Over Soaring Banana Prices, Lutnick SHREDDED Over Trump’s Banana Tariffs

Rep Dean GRILLS Trump Ally Over Soaring Banana Prices, Lutnick SHREDDED Over Trump’s Banana Tariffs 04:36

 During a heated House hearing, Rep. Madeleine Dean confronted Commerce Secretary Howard Lutnick over the ripple effects of President Trump’s tariff plan. Dean spotlighted rising banana prices at Walmart as an example of how American consumers are already feeling the squeeze. Lutnick defended the...

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