US EditionTrump's tariffs could reduce US deficit by $4 trillion, CBO estimates
- President Donald J. Trump's tariffs will reduce total deficits by $4 trillion over the next decade, according to a new analysis from the Congressional Budget Office.
- The Congressional Budget Office projected that President Donald Trump's tariff agenda would decrease total deficits by up to $4 trillion over the next decade.
- The effective tariff rate for goods imported into the United States increased by 18 percentage points from last year, according to the Congressional Budget Office.
- The Congressional Budget Office reported that primary deficits would fall by $3.3 trillion, resulting in $700 billion less spending on interest.
28 Articles
28 Articles
American Lookout
CBO: Tariffs Will Reduce Deficit By $4 Trillion By 2035 – Trump Responds
The CBO is now projecting that tariffs will reduce the deficit by $4 trillion over the next 10 years. This is $1 trillion more than what was projected in June. Axios reported: By the numbers: CBO director Phillip Swagel, in a blog post, said tariff revenue would reduce primary deficits by $3.3 trillion, and cut the need for interest payments on borrowings by $700 billion, for a total $4 trillion reduction through 2035. In June, the CBO projected…
Trump Tariffs Projected to Cut Deficit by $4 Trillion.
PULSE POINTSWHAT HAPPENED: The Congressional Budget Office (CBO) projected that tariffs implemented by President Donald J. Trump could reduce total deficits by $4 trillion over the next decade.WHO WAS INVOLVED: President Trump and the Congressional Budget Office (CBO).WHEN & WHERE: The updated projections were released by the CBO on Friday.KEY QUOTE: CBO Director Phillip Swagel wrote: “If there are no further changes in tariff rates, we project …
Trump's Tariffs Will Reduce Deficits By $4 Trillion Over Next Decade, Says CBO Report
Trump's Tariffs Will Reduce Deficits By $4 Trillion Over Next Decade, Says CBO Report Authored by Jack Phillips via The Epoch Times, A report released on Friday by the Congressional Budget Office (CBO) predicted that President Donald Trump’s tariffs will reduce federal deficits by around $4 trillion over the next decade. If Trump’s global tariff hikes continue, increased revenue could shrink primary deficits by $3.3 trillion and cut federal inte…
CBO: Trump’s tariffs will reduce deficits by $4T over next decade
By Jack Phillips Contributing Writer A report released on Friday by the Congressional Budget Office predicted that President Donald Trump’s tariffs will reduce federal deficits by around $4 trillion over the next decade. If Trump’s global tariff hikes continue, increased revenue could shrink primary deficits by $3.3 trillion and cut federal interest payments by $0.7 trillion over the next decade, the CBO said. The current top tariff rates may…
CBO says tariffs will cut $4 trillion from budget deficits by 2035
The Congressional Budget Office has updated its estimate of the budgetary impacts that will stem from President Trump’s wave of new tariffs, concluding that if maintained over 10 years they will reduce federal budget deficits by a total of $4 billion -- a finding that Trump is touting as a vindication of his trade policy. CBO Director Phillip Swagel on Thursday posted a CBO blog entry titled “An Update About CBO's Projections of the Budgetary Ef…
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