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Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says

Upworthy 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…
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