President Donald Trump’s aggressive tariffs program will cut the national deficit by $3 trillion over the next decade, $1 trillion less than expected, according to a new estimate from the Congressional Budget Office.
The tariffs imposed in the first year of Trump’s second term in the White House would cut primary U.S. deficits by $2.5 trillion if they are left in place as they are until 2035, by the CBO’s reckoning.
