Trump Tariffs Could Slash Deficit by Trillions, With Modest Impact on Inflation, Economic Output : CBO
The nonpartisan agency’s analysis examines three possible scenarios under Trump’s proposed tariffs. Proposed tariff hikes by President-elect Donald Trump could significantly reduce the federal deficit over the next decade and would do so at modest cost to inflation and economic output, according to a new Congressional Budget Office (CBO) analysis, which is the highest-profile impact