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.

Nonpartisan Congressional Budget Office estimates that Trump’s tariffs would shrink the economy and add to inflation while reducing the federal deficit by $2.8 trillion.

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.

The nonpartisan Congressional Budget Office handed Republicans a major political talking point Wednesday, with projections that showed the possibility for President Donald Trump’s tariffs to bring in ...

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.

Reports from the Treasury Department show that Trump's tariffs have raised ... drag on the overall economy are these tariffs, then? HORSLEY: Yeah, the CBO projects a fairly small drag.

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 ...

Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal ...

The White House's notion of offsetting tax cuts with a tax increase via tariffs, paid by consumers, is a conflicting one, ...