"At this time, it appears that meaningful tariff revenue has the potential to offset the deficit-raising aspects of the recent budget legislation."
Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says
August 25, 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
Trump’s reciprocal tariffs could be struck down as soon as this month—and the administration is warning of economic apocalypse
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.
In exclusive interviews with Fortune, Wharton’s Professor Joao Gomes and AEI’s Desmond Lachman warned that while tariffs may slow…
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.
In just two months, Trump added another $1.5 trillion of deficit reduction in the form of new tariffs, CBO said. Still, the One…
Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court…
Fortune's Shawn Tully and Steve "the money doctor" Hanke have argued that they bear a strong, uncanny resemblance to a tax…
