Posted inEconomy

Tariffs Will Reduce US Deficits by $1 Trillion Less Than Previous Estimate: Congressional Budget Office

By Jacob Burg President Donald Trump’s global tariffs on imports from other nations will lower U.S. deficits by $3 trillion if they are kept in place through 2035—a decrease from a $4 trillion estimate in August, the non-partisan Congressional Budget Office (CBO) announced on Nov. 20. The CBO said its estimates are based on tariffs […]