In just two months, Trump added another $1.5 trillion of deficit reduction in the form of new tariffs, CBO said. Still, the One Big Beautiful Bill Act will raise deficits by $3.4 trillion.
Trump tariffs would cut deficits by $2.8 trillion over 10 years—while shrinking the economy and raising inflation, CBO says
BY FATIMA HUSSEIN AND ASSOCIATED PRESS
June 5, 2025
Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says
August 12, 2025
"At this time, it appears that meaningful tariff revenue has the potential to offset the deficit-raising aspects of the recent…
The baseline scenario shows cumulative deficits reaching $22.7 trillion by 2035, and that’s if everything goes according to plan.
It's the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.
It's the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.
The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic…
The Congressional Budget Office is projecting $2.5 trillion of deficit reduction over 11 years, down from its $3.3 trillion…
