Trump, tariffs and trade deals
Digest more
Two projections show that the Trump administration's tariff revenues would not cover the next 10 years of projected deficits
Despite early criticism that his approach to trade was erratic, senior officials now say the strategy is yielding stronger negotiating positions.
Opinion
16don MSNOpinion
Republican legislation criticized by media will slash deficits through economic growth, tariff revenue and deportation while cutting taxes on tips and overtime.
Had the CBO conducted an intellectually honest dynamic analysis AND accurately accounted for the Trump tariffs, it would have forecast a massive multitrillion-dollar surplus, NOT an equally ...
U.S. President Donald Trump's new tax and spending law is projected to deepen U.S. deficits by $3.4T over the next decade, the Congressional Budget Office said in a report published Monday.
Bessent added that the CBO has estimated tariff income will total about $2.8 trillion over 10 years, "which we think is probably low." Trump has set a new August 1 deadline for higher "reciprocal ...
Under Trump’s budget bill, the CBO estimated the real GDP would increase by an additional 0.5 percent on average through the 2025-2034 period, putting the yearly increase at roughly 2.4 percent ...
1mon
The Republican tax bill approved by the House would cost the poorest Americans roughly $1,600 a year while increasing the income of the wealthiest households by an average of $12,000 annually.
One of the Trump administration’s biggest tariff boosters, Commerce Secretary Howard Lutnick, recently said tariffs not only will energize the U.S. industrial sector but also help the government’s finances.
Feedback