Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says
Wednesday, 4 June 2025 () By FATIMA HUSSEIN WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $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…
Donald Trump’s threat to impose a 50% tariff on EU imports could cost Germany up to €200 billion by 2028, a new report warns. The German Economic Institute says the tariffs, if enacted and matched..
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