Trump tariff impact: CBO trims deficit-cut estimate by $1trillion
The Congressional Budget Office has revised its deficit reduction forecast for President Trump's tariffs, now projecting $3 trillion over a decade, down from $4 trillion. This adjustment stems from updated data and recent tariff changes. While critics argue consumers bear tariff costs, the White House maintains foreign exporters pay, generating significant revenue.
The Congressional Budget Office has revised its deficit reduction forecast for President Trump's tariffs, now projecting $3 trillion over a decade, down from $4 trillion. This adjustment stems from updated data and recent tariff changes. While critics argue consumers bear tariff costs, the White House maintains foreign exporters pay, generating significant revenue.
