Trump’s tariffs would also reduce the size of the US economy by about 0.06 percentage points per year on average and cause a 0.4% spike in total inflation for 2025 and 2026, the CBO noted.

The CBO's estimate says revenue from tariffs would reduce the deficit by $2.8T. The nonpartisan Congressional Budget Office estimates that President Donald Trump’s tariffs would shrink the U.S ...

The Congressional Budget Office (CBO) reveals that while Trump's tariffs could reduce the federal deficit by trillions, they ...

The analysis came before federal court decisions on tariffs last week and doesn’t account for potential changes to tariff policy.

Trump's controversial tariff policies will shrink the size of the US economy and lead to rising inflation according to a recent report from the nonpartisan CBO.

The CBO projects Trump's tariffs could reduce the deficit by $2.8 trillion while his tax bill would add $2.4 trillion, but ...

WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the ...

The $2.8 trillion figure is after accounting for how the tariff agenda would reduce the size of the U.S. economy, according ...

The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic growth by 0.6 percent.

The analysis found that shrinking of the U.S. economy would vary but said that tariffs would reduce gross domestic product growth by .06% each year, adding that real GDP will be "0.6 percent lower" in ...

An appeals court allowed the Trump administration to continue collecting the tariffs while the case goes through appeals. Largely confirming what other economic models have predicted, the CBO’s ...