Trump's Tariffs Generate Revenue but Fall Short of Trillions, Impacting U.S. Debt and Deficit

President Trump's tariffs are generating significant revenue for the U.S. government, potentially reducing the national deficit by up to $2.8 trillion over a decade, but they are unlikely to reverse the overall $37 trillion debt due to their limited scale compared to total government spending. The tariffs mainly impact consumers through higher prices, especially affecting lower- and middle-income households, and may increase costs for national security hardware.