CBO: Trump's Tariffs Could Reduce US Deficit by $4 Trillion
TL;DR
The Congressional Budget Office reports that U.S. tariffs will reduce deficits by $4 trillion over the next decade, mainly through increased revenue, despite concerns about their negative impact on economic growth and investment.
- Trump tariffs will lower deficits by $4 trillion over a decade, CBO says Axios
- Tariff revenue will cut US deficits by $4tn over next decade, fiscal watchdog says Financial Times
- Trump's tariffs could reduce US deficit by $4 trillion, CBO estimates Reuters
- ‘The nation’s finances have deteriorated’ since Trump took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit Fortune
- An August 2025 Budget Baseline-2025-08-20 Committee for a Responsible Federal Budget
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