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 $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 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 ...

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 report is a partial win for the Trump administration's second-term economic agenda, which has roiled financial markets and been held up in U.S. courts. The report analyzes the tariffs in ...

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

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 purchasing power of ...

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 ...

President Trump’s tariff regime would significantly reduce the deficit over the next 10 years, the CBO found. AFP via Getty Images “After accounting for that change in the size of the economy ...

U.S. President Donald Trump's tariffs implemented between Jan. 6 and May 13 are estimated to reduce federal deficits by $2.8T ...

Treasury Secretary Scott Bessent has said that Trump “uses tariffs to negotiate.” The two highly tentative CBO estimates show Trump’s tariffs, as of levels in effect in mid-May, shrinking ...