Tariffs put in place by President Trump will take a big bite out of U.S. deficit levels, reducing them by $2.5 trillion over the next decade and shrinking the size of the U.S. economy. A Congressional Budget Office analysis shows that the deficit reduction is almost exactly the same size as the deficit addition that would result from the GOP’s “Big, Beautiful Bill.”
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Tariffs Will Reduce Deficits by $2.5 Trillion, CBO Says
Jun 5, 2025 | 7:31 AM
